Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-D - Thin capitalisation rules for outward investing entities (ADI)  

SECTION 820-295   What this Subdivision is about  


This Subdivision sets out the thin capitalisation rules that apply to an entity that is both an authorised deposit-taking institution (an ADI ) and an Australian entity that has certain types of overseas investments. These rules deal with the following matters:

  • · how to work out the entity ' s minimum capital amount for an income year;
  • · how all or a part of the debt deductions claimed by the entity may be disallowed if the minimum capital amount is not reached;
  • · how to apply these rules to a period that is less than an income year.

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