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

Schedule 3   Thin Capitalisation: amendments taking effect on 1 July 2003

Part 1   Definition of equity capital and related concepts

Income Tax Assessment Act 1997

12   Subsection 995-1(1) (definition of equity interest in an entity)

Repeal the definition, substitute:

equity interest in an entity has the meaning given by:

(a) in the case of a company - Subdivision 974-C; and

(b) in the case of a trust or partnership - section 820-930.