Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
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GENERAL
Division 820
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Thin capitalisation rules
Subdivision 820-A
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Preliminary
SECTION 820-30
820-30
Object of Division
The Object of this Division is to ensure that the following entities do not reduce their tax liabilities by using an excessive amount of *debt deductions, in financing their Australian operations: (a) *Australian entities that operate internationally; (b) Australian entities that are foreign controlled; (c) *foreign entities that operate in Australia.
View history note
Hide history noteThe Object of this Division is to ensure that the following entities do not reduce their tax liabilities by using an excessive amount of *debt deductions, in financing their Australian operations: (a) *Australian entities that operate internationally; (b) Australian entities that are foreign controlled; (c) *foreign entities that operate in Australia.
Note:
This Division applies in relation to debt deductions of an entity as reduced, if required, in accordance with Division 815 (about cross-border transfer pricing).
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