Trade Support Loans (Consequential Amendments) Act 2014 (82 of 2014)
Schedule 1 Amendments
Income Tax Assessment Act 1997
5 Section 12-5 (after table item headed "timber")
Insert:
|
trade support loan |
|
|
limit on deduction |
82A |
|
payment made to reduce a debt to the Commonwealth under the Trade Support Loans Act 2014, no deduction unless provided as fringe benefit |
26-20 |