Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 1 Thin Capitalisation: amendments taking effect on 1 July 2001
Part 13 Non-debt liabilities
Income Tax Assessment Act 1997
40 Subsection 995-1(1) (paragraph (c) of the definition of non-debt liabilities )
Repeal the paragraph, substitute:
(c) if the entity is a *corporate tax entity - a provision for a *distribution of profit; or
(ca) if paragraph (c) does not apply - a provision for a distribution to the entity's *members; or
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