Tax Laws Amendment (2008 Measures No. 5) Act 2008 (145 of 2008)

Schedule 2   Thin capitalisation and international financial reporting standards

Income Tax Assessment Act 1997

4   At the end of subsection 820-680(2B)

Add:

Note: This subsection also applies to some revaluations that are not allowed by the accounting standards (see subsection 820-684(5)).