Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 3   Thin capitalisation: groups containing certain ADIs

Income Tax Assessment Act 1997

1   At the end of section 820-585

Add:

(3) Subsection (1) does not apply if, at each time in the period mentioned in subsection (2), all the *ADIs that are *members of the group then are *specialist credit card institutions.