Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)

Schedule 1   Thin capitalisation

Part 1   Amendments

Income Tax Assessment Act 1997

25   After subsection 820-820(3)

Insert:

(3A) Subsection (3) does not apply to an *associate entity of the entity if:

(a) the associate entity is a *foreign entity and the associate entity is such an associate entity only because of subsection 820-905(3A); or

(b) the associate entity is such an associate entity only because of subsection 820-905(3B).