Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 (136 of 2024)

Schedule 6   Miscellaneous and technical amendments

Part 2   Amendments commencing first day of next quarter

Division 1   General class investors

Income Tax Assessment Act 1997

14   After subsection 820-300(2)

Insert:

(2AA) This subsection applies to a related investor for a period if at all times during the period:

(a) it is an *outward investing financial entity (non-ADI); or

(b) it is an *outward investing entity (ADI); or

(c) both:

(i) it is a *general class investor; and

(ii) assuming that it were a *financial entity, it would be an outward investing financial entity (non-ADI).