Guide D: Guide to thin capitalisation calculations for non-ADI inward investors

Record keeping

Inward investors are subject to certain record keeping requirements if both of the following apply:

• they are carrying on business at or through a permanent establishment
• total revenues of at least $2 million are attributable to that permanent establishment.

Under these requirements, financial statements, including all the necessary notes, must be prepared for its Australian permanent establishment using one of the following:

• the Australian accounting standards
• the accounting standards of Germany, Japan, France, USA, UK, Canada, New Zealand
• the international accounting standards.

Legislative reference: section 820-960

Sections within Overview

• How the thin capitalisation rules apply
• Completing the thin capitalisation schedule
• Record keeping
• Where to now?