Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

55   Paragraph 328-225(4)(b)

Omit “while you were not an *STS taxpayer”, substitute “during an income year for which you were not a *small business entity or did not choose to use this Subdivision”.