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

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

Part 7   Cost-free debt capital

Income Tax Assessment Act 1997

31   At the end of subsection 820-946(4)

Add:

However, if the total period for which the interest remains on issue is 180 days or more, this subsection is taken not to have covered the interest at that time.