New Business Tax System (Thin Capitalisation) Act 2001 (162 of 2001)
Schedule 2 Dictionary amendments
Income Tax Assessment Act 1997
22 Subsection 995-1(1)
Insert:
controlled foreign entity debt , of an entity and at a particular time, means the total amount of *debt interests *on issue at that time that have been issued to the entity by any *Australian controlled foreign entities of which it is an *Australian controller at that time.
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