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

Schedule 2   Dictionary amendments

Income Tax Assessment Act 1997

8   Subsection 995-1(1)

Insert:

arm's length debt amount :

(a) for an *outward investing entity (non-ADI) - has the meaning given by section 820-105; and

(b) for an *inward investing entity (non-ADI) - has the meaning given by section 820-215.