Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Nothing in the provisions of this Act other than this Subdivision limits the operation of this Subdivision.
(2) Nothing in this Subdivision limits Division 820 (about thin capitalisation) in its application to reduce, or further reduce, * debt deductions of an entity.
(3) For the purposes of this Subdivision, a branch to which
subsection 160ZZW(2) of the Income Tax Assessment Act 1936 (about
certain Australian branches of foreign banks) applies is taken not to be, and
not to have been at any time since its establishment, a *
permanent establishment in Australia of the bank.