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
99 After subsection 820-905(1)
Insert:
(1A) Subsection (1) does not apply if the other entity is any of the following:
(a) a trustee of a *complying superannuation entity (other than a *self managed superannuation fund);
(b) *wholly-owned subsidiary of a complying superannuation entity (other than a self managed superannuation fund).
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