Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 (23 of 2024)
Schedule 2 Thin capitalisation
Part 1 Amendments
Income Tax Assessment Act 1997
136 Subsection 995-1(1)
Insert:
outward investing financial entity (non-ADI) has the meaning given by sections 820-85, 820-583, 820-609 and 820-610.
Note: Section 820-430 allows an outward investing financial entity (non-ADI) to be treated as an outward investing entity (ADI) in certain cases.
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