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
55 Section 820-180
Omit "a foreign entity or a foreign controlled Australian entity that is not an authorised deposit-taking institution (an ADI )", substitute "an entity that is an inward investing financial entity (non-ADI) for all of an income year (but not an outward investing financial entity (non-ADI) for all or any part of that year)".
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