Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)

Schedule 2   Thin Capitalisation: amendments taking effect on 1 July 2002

Part 7   Attributable safe harbour excess amount

Income Tax Assessment Act 1997

53   Subsection 820-920(4) (at the end of step 1 of the method statement)

Add:

; and (d) if the associate entity would otherwise be treated as an *inward investor (financial) for that day and the relevant entity is not a financial entity throughout that day - the associate entity were an *inward investor (general) for that day.