Taxation Laws Amendment Act (No. 5) 2003 (Cth)

Taxation Laws Amendment Act (No. 5) 2003

Act No. 142 of 2003 as amended

This compilation was prepared on 16 August 2010 taking into account amendments up to Act No. 75 of 2010

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1]........................... 2 Commencement 3 Schedule(s)

Schedule 1—Thin Capitalisation: amendments taking effect on 1 July 2001

Part 1—Application of amendments

Part 2—Exemption of certain special purpose entities Income Tax Assessment Act 1997

Part 3—Choice by some financial entities to be treated as ADIs for thin capitalisation purposes Income Tax Assessment Act 1997

Part 4—Revaluing assets for thin capitalisation purposes Income Tax Assessment Act 1997 Income Tax Assessment Act 1936

Part 5—Arrangements for borrowing securities Income Tax Assessment Act 1997

Part 6—Definition of financial entity Income Tax Assessment Act 1997

Part 7—Cost‑free debt capital Income Tax Assessment Act 1997

Part 8—Associate entity debt Income Tax Assessment Act 1997

Part 9—Debt deductions for borrowing expenses Income Tax Assessment Act 1997

Part 10—Foreign controlled Australian partnerships Income Tax Assessment Act 1997

Part 11—Arm's length debt amount Income Tax Assessment Act 1997

Part 12—Maximum allowable debt Income Tax Assessment Act 1997

Part 13—Non‑debt liabilities Income Tax Assessment Act 1997

Schedule 2—Thin Capitalisation: amendments taking effect on 1 July 2002

Part 1—Application of amendments

Part 2—Records about Australian permanent establishments Income Tax Assessment Act 1997 Income Tax Assessment Act 1936