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

Schedule 2   Thin Capitalisation: amendments taking effect on 1 July 2002

Part 3   Equity interests excluded in working out safe harbour debt amount

Income Tax Assessment Act 1997

7   Subsection 820-100(2) (after step 1 of the method statement)

Insert:

Step 1A. Reduce the result of step 1 by the average value, for that year, of all the *excluded equity interests in the entity.