Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

3   Company bad debts

1   Amendment of the Income Tax (Transitional Provisions) Act 1997

1   After Subdivision 165-CB

Insert:

Subdivision 165-C - Deducting bad debts

Table of sections

165-135 Application of Subdivision 165-C of the Income Tax Assessment Act 1997

165-135 Application of Subdivision 165-C of the Income Tax Assessment Act 1997

Subdivision 165-C of the Income Tax Assessment Act 1997 (about companies deducting bad debts) applies to assessments for the 1998-1999 income year and later income years.

[The next Division is Division 166.]

Division 166 - Income tax consequences of changing ownership or control of a listed public company

[The next Subdivision is Subdivision 166-C.]

Subdivision 166-C - Deducting bad debts

Table of sections

166-40 Application of Subdivision 166-C of the Income Tax Assessment Act 1997

166-40 Application of Subdivision 166-C of the Income Tax Assessment Act 1997

Subdivision 166-C of the Income Tax Assessment Act 1997 (about listed public companies deducting bad debts) applies to assessments for the 1998-1999 income year and later income years.

[The next Division is Division 175.]