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

31   Section 820-65

Omit "an Australian entity that has certain types of overseas investments and is not an authorised deposit-taking institution (an ADI )", substitute "an entity that is an outward investing financial entity (non-ADI) for all of an income year".