Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)

Schedule 2   Forgiveness of commercial debts

Part 2   Consequential amendments

Income Tax Assessment Act 1997

38   Subsection 707-140(3)

Omit "forgiven (as defined in Subdivision 245-B in Schedule 2C to theIncome Tax Assessment Act 1936)", substitute "*forgiven".