New International Tax Arrangements (Foreign-owned Branches and Other Measures) Act 2005 (64 of 2005)
Schedule 3 Australian permanent establishments of foreign financial entities
Part 3 Thin capitalisation
Income Tax Assessment Act 1997
33 Subsection 820-615(4)
Repeal the subsection, substitute:
Risk-weighted assets
(4) For each of the establishment entity's *Australian permanent establishments covered by the choice, the *risk-weighted assets of the *head company or single company include that part of the entity's risk-weighted assets that:
(a) is attributable to that Australian permanent establishment; and
(b) is not attributable to the entity's *OB activities.