New Business Tax System (Thin Capitalisation) Act 2001 (162 of 2001)

Schedule 1   Thin capitalisation rules

Part 3   Application provisions

26   Application - section 262A of the Income Tax Assessment Act 1936

The amendment of section 262A of the Income Tax Assessment Act 1936 made by this Schedule applies:

(a) for records required to be kept under section 820-960 - in relation to an income year that begins on or after 1 July 2002; and

(b) for records required to be kept under section 820-980 - in relation to an income year that begins on or after 1 July 2001.