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Question 32

Last updated 7 August 2014

This question ascertains your thin capitalisation entity type at the end of the year.

The thin capitalisation rules apply differently depending on an entity's type. To work out how the thin capitalisation rules apply to a particular entity we need to know which category the entity belongs to.

If your type of thin capitalisation entity changed during the year, you only need to complete section D for the type of thin capitalisation entity you were at the end of the income year or relevant period.

To complete this question you need to ascertain your entity code from the table below.

At label A, write the code which represents the type of thin capitalisation entity you are at the end of the income year or relevant period. If you do not know what type of entity you are, refer to the relevant provisions in Division 820 of the ITAA 1997.

Non-authorised deposit-taking institution (Non-ADI)

Code

Type

1

Outward investor (general) under subsections 820-85(2) and 820-583(2)

2

Outward investor (financial) under subsections 820-85(2) and 820-583(3)

3

Inward investment vehicle (general) under subsections 820-185(2) and 820-583(5)

4

Inward investment vehicle (financial) under subsections 820-185(2), 820-583(6) and 820-609(6)

5

Inward investor (general) under subsection 820-185(2)

6

Inward investor (financial) under subsection 820-185(2)

ADI

Code

Type

7

Outward investing entity (ADI) under subsections 820-300(2), 820-583(7), 820-587 and 820-609

8

Inward investing entity (ADI) under subsections 820-395(2) and 820-609(4)

QC26054