Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014 (110 of 2014)

Schedule 1   Thin capitalisation

Part 7   Consequential amendments

Income Tax Assessment Act 1997

55   Subsection 995-1(1) (definition of worldwide gearing debt amount )

Repeal the definition, substitute:

worldwide gearing debt amount :

(a) for an *outward investing entity (non-ADI) - has the meaning given by sections 820-110 and 820-111; and

(b) for an inward investment vehicle (general) - has the meaning given by section 820-216; and

(c) for an inward investment vehicle (financial) - has the meaning given by section 820-217; and

(d) for an *inward investor (general) - has the meaning given by section 820-218; and

(e) for an *inward investor (financial) - has the meaning given by section 820-219.