Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 5   Forgiveness of commercial debts

Division 1   Amending the new law

Income Tax Assessment Act 1997

42   Subsection 245-145(1) (table item 4)

Repeal the item, substitute:

Note: This item will not commence unless Schedule 2 to the Tax Laws Amendment (Transfer of Provisions) Act 2010 commences.