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

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

82   Subsection 328-295(2)

Omit “subsection 328-285(1) applies to you for an income year and you have not made a choice under subsection 328-285(2) for that year”, substitute “you make a choice under section 328-285 for an income year”.