Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 (23 of 2024)

Schedule 2   Thin capitalisation

Part 1   Amendments

Income Tax Assessment Act 1997

10   After paragraph 815-140(1)(a)

Insert:

(aa) the entity:

(i) is not a *general class investor in relation to the income year; and

(ii) has not made a choice under subsection 820-85(2C) or 820-185(2C) in relation to the income year; and