Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014 (110 of 2014)
Schedule 1 Thin capitalisation
Part 3 Worldwide capital amount
Income Tax Assessment Act 1997
14 Subsection 820-320(2) (method statement, steps 2 and 3)
Repeal the steps, substitute:
Step 3. Multiply the result of step 1 by the entity’s worldwide group capital ratio for that year (see subsection (3)).
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