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Income Tax Assessment Act 1997
32‑90 Partnerships32‑90 Partnerships
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#### 32‑90 Partnerships
In the case of a partnership:
item 1.8 (exception for providing employee with an allowance) of the table in section 32‑30; and
subsection 32‑65(3) (which defines business meeting);
apply to a partner in the same way as they apply to an employee of the partnership, but only for the purposes of calculating, in accordance with section 90 of the Income Tax Assessment Act 1936, the partnership’s net income or partnership loss.