Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)

Schedule 1   Amendments

Part 2   Consequential amendments

Income Tax Assessment Act 1997

83   After paragraph 396-30(1)(b)

Insert:

; or (c) an amount allowable as a deduction to the borrower under Division 230, to the extent that, if that Division did not apply, the amount would be allowable as a deduction to the borrower in the circumstances mentioned in paragraph (b).