Tax Laws Amendment (2010 Measures No. 3) Act 2010 (90 of 2010)
Schedule 2 Thin capitalisation
Income Tax Assessment Act 1997
1 At the end of section 820-300
Add:
(4) For the purposes of paragraph (3)(a), treat treasury shares (within the meaning of *accounting standard AASB 132) in the entity as included in the *ADI equity capital of the entity, to the extent that those shares are part of the entity's eligible tier 1 capital (within the meaning of the *prudential standards).
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