Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 3   Thin capitalisation: groups containing certain ADIs

Income Tax Assessment Act 1997

3   Paragraph 820-609(2)(a)

Repeal the paragraph, substitute:

(a) section 820-585 would prevent the disallowance of a *debt deduction for the income year including the trial period; or