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

3   Company bad debts

3   Consequential amendment of the Income Tax Assessment Act 1936

15   Before subsection 63C(1)

Insert:

(1A) This section does not apply to the 1998-99 year of income or a later year of income.

Note: Subdivisions 165-C, 166-C and 175-C of the Income Tax Assessment Act 1997 deal with a company deducting bad debts for those income years.