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

3   Company bad debts

2   Consequential amendment of the Income Tax Assessment Act 1997

8   At the end of section 165-195

Add:

(3) In applying a test for the purposes of Subdivision 165-C (about deducting bad debts), this section does not cover *shares allotted before the *first continuity period.