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
27 Subsection 995-1(1) (at the end of the definition of non-debt liabilities )
Add:
; or (e) a liability of the entity, to the extent that it meets the conditions for being taken into account in working out the *borrowed securities amount of the entity as at that time.
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