INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-25
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TRADING STOCK
Division 70
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Trading stock
SECTION 70-1 (ARCHIVE)
Application of Division 70 of the
Income Tax Assessment Act 1997
70-1(1)
(It applies to assessments for the 1997-98 income year as if the value of trading stock on hand at the start of that year were the value specified in section 70-40 of this Act.)
CCH Note:
Below is material repealed as inoperative in s 70-1 (subsec (1) second sentence) by No 101 of 2006.
(It applies to assessments for the 1997-98 income year as if the value of trading stock on hand at the start of that year were the value specified in section 70-40 of this Act.)
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