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Taxation Determination

TD 2002/21W

Income tax: how do the transitional measures in the Corporations Act 2001 ('Corporations Act') impact upon the definition of a financial entity for the purposes of Division 820 of the Income Tax Assessment Act 1997 ('ITAA 1997')?

Attention This document has changed over time. View its history.

Notice of Withdrawal

Taxation Determination TD 2002/21 is withdrawn with effect from today.

1. TD 2002/21 explains how transitional measures in the Corporations Act affect a financial entity for the purpose of Division 820 (thin capitalisation) of the ITAA 1997. The Corporations Act provided a two year transitional period during which time an entity that held a dealer's licence granted under the old corporations law would be treated as a financial entity.

2. TD 2002/21 is being withdrawn as it only applies during the transitional period which commenced on 11 March 2002 and covered the 2002-03 to 2003-04 income years.

3. TD 2002/21 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation

26 April 2017


You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).


ATO references:
NO  1-9N72KXS

ISSN: 2205-6211

Related Rulings/Determinations:
TR 92/1
TR 92/20
TR 97/16

Subject References:
dealers licence
financial entity
financial services licensee
thin capitalisation
transitional measures
transition period

Legislative References:
ITAA 1997 Div 820
ITAA 1997 995-1
Corporations Act 2001 Part 7.6
Corporations Act 2001 1431(1)(a)
Old Corporations Law Part 7.3

TD 2002/21 history   Top  
   Date   Version   Change 
    4 September 2002   Original ruling   
 You are here ®  26 April 2017   Withdrawn   


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