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

99   After subsection 820-905(1)

Insert:

(1A) Subsection (1) does not apply if the other entity is any of the following:

(a) a trustee of a *complying superannuation entity (other than a *self managed superannuation fund);

(b) *wholly-owned subsidiary of a complying superannuation entity (other than a self managed superannuation fund).