Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-HA - Controlled foreign entity debt and controlled foreign entity equity  

SECTION 820-881   820-881   Application  

This Subdivision applies to:

(a) an entity (the relevant entity ) that is an *outward investing entity (non-ADI), or an *outward investing entity (ADI), for a period (the relevant period ) that is all or a part of an income year; and

(b) each entity ( controlled entity of the relevant entity ) that is an *Australian controlled foreign entity of which:

(i) the relevant entity is an *Australian controller; or

(ii) an *associate entity of the relevant entity is an Australian controller.