Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)

Schedule 2   Forgiveness of commercial debts

Part 2   Consequential amendments

Income Tax Assessment Act 1997

22   Subsection 40-90(1)

Omit "(within the meaning of Division 245 of Schedule 2C to theIncome Tax Assessment Act 1936) under section 245-155 of that Schedule", substitute "under section 245-155 or 245-157".