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

3   Company bad debts

3   Consequential amendment of the Income Tax Assessment Act 1936

16   Before subsection 63CA(1)

Insert:

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

Note: Section 165-120 of the Income Tax Assessment Act 1997 deals with a company deducting in those income years a tax loss resulting from a bad debt.