Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 1 Thin Capitalisation: amendments taking effect on 1 July 2001
Part 5 Arrangements for borrowing securities
Income Tax Assessment Act 1997
21 Subsection 820-225(2) (step 3 of the method statement)
Repeal the step, substitute:
Step 3. If the entity is a *financial entity throughout that period, add to the result of step 2 the average value, for that period, of the entity's *borrowed securities amount.
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