Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)

Schedule 1   Thin Capitalisation: amendments taking effect on 1 July 2001

Part 4   Revaluing assets for thin capitalisation purposes

Income Tax Assessment Act 1997

13   At the end of subsection 820-680(2)

Add:

Note: The entity must also keep records in accordance with section 820-985 about the revaluation, unless the exception in subsection (2A) of this section applies.