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

12   After subsection 820-85(2B)

Insert:

(2BA) For the purposes of item 2 of the table in subsection (2) of this section, assume that the other *Australian entity is a *financial entity for all of the income year.