Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 709
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Other rules applying when entities become subsidiary members etc.
Subdivision 709-D
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Deducting bad debts
SECTION 709-200
What this Subdivision is about
(a) has for a period been owed to a member of a consolidated group; and
(b) has for another period been owed to an entity that was not a member of that group;
View history note
Hide history noteAn entity can deduct a bad debt that:
only if each entity that has been owed the debt for such a period could have deducted the debt had it been written off as bad at the end of the period. This applies even if the debt is owed to the same entity for different periods.
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