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

73   After subsection 820-300(2)

Insert:

(2A) However, the entity is not an outward investing entity (ADI) for a period that is all or a part of an income year if it is a *general class investor for that year.

(2B) Subsection (2A) does not apply for the purposes of subsection 820-46(2) (definition of general class investor ).