Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 (23 of 2024)

Schedule 2   Thin capitalisation

Part 1   Amendments

Income Tax Assessment Act 1997

120   Subsection 995-1(1)

Insert:

associate pair : an entity is an associate pair of another entity if any of the following conditions are satisfied:

(a) the entity is an associate of the other entity;

(b) the other entity is an associate of the entity.