INCOME TAX ASSESSMENT ACT 1997 - SECT 820.305 Minimum capital amount

INCOME TAX ASSESSMENT ACT 1997 - SECT 820.305

    The entity's minimum capital amount for an income year is the least of the following amounts:

  (a)   the * safe harbour capital amount;

  (b)   the * arm's length capital amount;

  (c)   the * worldwide capital amount.

Note:   The entity cannot use the worldwide capital amount if the entity is also a foreign controlled Australian entity throughout that year, see section   820 - 320.