New Business Tax System (Thin Capitalisation) Act 2001 (162 of 2001)
Schedule 1 Thin capitalisation rules
Part 2 Consequential and other amendments
Income Tax (Transitional Provisions) Act 1997
20 At the end of Division 25
Add:
25-50 Application of section 25-90 of the Income Tax Assessment Act 1997
Section 25-90 (which is about deductions relating to foreign exempt income) of the Income Tax Assessment Act 1997 applies to an amount incurred in an income year that begins on or after 1 July 2001.
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