Tax Laws Amendment (2010 Measures No. 3) Act 2010 (90 of 2010)

Schedule 2   Thin capitalisation

Income Tax Assessment Act 1997

3   Section 820-310 (method statement, step 1)

Omit all the words before paragraph (a), substitute:

Step 1. Work out the average value, for the income year, of all the entity's:

(aa) *risk-weighted assets; and

(ab) intangible assets comprising capitalised software expenses;

that are attributable to none of the following: