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

32   Section 230-470

Omit "forgiveness of a debt (as defined in Subdivision 245-B of Schedule 2C to theIncome Tax Assessment Act 1936)", substitute "*forgiveness of a debt to which Subdivisions 245-C to 245-G apply".