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

141   Subsection 995-1(1) (paragraph (a) of the definition of worldwide gearing debt amount)

Omit "*outward investing entity (non-ADI)", substitute "*outward investing financial entity (non-ADI)".