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

Schedule 2   Thin capitalisation

Part 2   Application

145   Transitional - choice

If:

(a) before the commencement of this Part, an entity made a choice set out in item 1 of the table in subsection 820-430(1) of the Income Tax Assessment Act 1997; and

(b) immediately before that commencement, the choice had effect;

after that commencement, the choice continues to have effect as if it were a choice set out in that item as amended by Part 1.