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

41   Subsection 707-415(4)

Omit "gross forgiven amount (within the meaning of section 245-75 in Schedule 2C to theIncome Tax Assessment Act 1936)", substitute "*gross forgiven amount".