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

8   At the end of subsection 820-985(3)

Add:

This subsection extends to subsection 820-680(2B) as it applies because of subsection 820-684(5).

Note: Section 820-684 allows some revaluations that are not allowed by the accounting standards.