New Business Tax System (Thin Capitalisation) Act 2001 (162 of 2001)

Schedule 2   Dictionary amendments

Income Tax Assessment Act 1997

23   Subsection 995-1(1)

Insert:

controlled foreign entity equity , of an entity and at a particular time, means the total value of *equity interests that the entity holds, at that time, in any *Australian controlled foreign entities of which it is an *Australian controller at that time.