Taxation Laws Amendment Act (No. 4) 2002 (53 of 2002)
Schedule 1 Thin capitalisation
Part 1 Amendments
Income Tax Assessment Act 1997
27 After subsection 820-825(2)
Insert:
(2A) Subsection (2) does not apply to an *associate entity of one or more entities in the group if:
(a) the associate entity is a *foreign entity and the associate entity is such an associate entity only because of subsection 820-905(3A); or
(b) the associate entity is such an associate entity only because of subsection 820-905(3B).
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