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
73 After subsection 820-300(2)
Insert:
(2A) However, the entity is not an outward investing entity (ADI) for a period that is all or a part of an income year if it is a *general class investor for that year.
(2B) Subsection (2A) does not apply for the purposes of subsection 820-46(2) (definition of general class investor ).
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