Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)

Schedule 1   Thin capitalisation

Part 1   Amendments

Income Tax Assessment Act 1997

27   After subsection 820-825(2)

Insert:

(2A) Subsection (2) does not apply to an *associate entity of one or more entities in the group if:

(a) the associate entity is a *foreign entity and the associate entity is such an associate entity only because of subsection 820-905(3A); or

(b) the associate entity is such an associate entity only because of subsection 820-905(3B).