Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 1   Australia as a regional financial centre

Part 1   OBUs, withholding tax and thin capitalisation

Income Tax Assessment Act 1936

31   Subsection 128F(8)

Omit all of the words and paragraphs after paragraph (d), substitute:

then this section has effect as if the parent company had raised the finance and issued the debenture.