The labor government’s reforms to Australia’s interest limitation rules may commence from 1 July 2023. This session outlined the state of play of legislative change, an international comparison of Australia’s interest limitation rules, key issues emerging from Treasury’s consultation and present some case studies to demonstrate the impact of the new rules for financial services entities (banks, non-bank lenders, insurers and fund managers). This session also provided an update on the arm’s length debt test (ALDT) and how we expect the ATO to view your ALDT analysis.