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

130   Subsection 995-1(1) (paragraph (b) of the definition of maximum allowable debt)

Omit "*inward investing entity (non-ADI) covered by paragraph 820-185(1)(a)", substitute "*inward investing financial entity (non-ADI) covered by paragraph 820-185(1A)(a)".