Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 1 Thin Capitalisation: amendments taking effect on 1 July 2001
Part 5 Arrangements for borrowing securities
Income Tax Assessment Act 1997
18 Subsection 820-85(3) (step 4 of the method statement)
Repeal the step, substitute:
Step 4. If the entity is a *financial entity throughout the relevant year, add to the result of step 3 the average value, for the relevant year, of the entity's *borrowed securities amount.