The Australian Taxation Office (ATO) is consulting on Draft Taxation Ruling (TR) 2024/D3 on the application of thin capitalisation third-party debt test and the related Schedule 3 of Draft Practical Compliance Guideline (PCG) 2024/D3 regarding the third-party debt test compliance approach. These form part of the ATO's suite of public advice and guidance products to assist impacted taxpayers f…