Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 175 - Use of a company ' s losses, deductions or bad debts to avoid income tax  

Subdivision 175-C - Tax benefits from unused bad debt deductions  

SECTION 175-78  

175-78   Application of Subdivision 175-C of the Income Tax Assessment Act 1997  

Subdivision 175-C of the Income Tax Assessment Act 1997 (about companies obtaining tax benefits from unused bad debt deductions) applies to assessments for the 1998-99 income year and later income years.