Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 1   Distributions to entities connected with a private company and related issues

Part 1   Main amendments

Income Tax Assessment Act 1936

18   Subsection 109Y(2) (paragraph (a) of the definition of repayments of non-commercial loans )

After “loans”, insert “or amounts”.