Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)

Schedule 8   Distributions from private companies

Part 1   Income Tax Assessment Act 1936

10   Transitional - written loan agreements

Division 7A of Part III of the Income Tax Assessment Act 1936 applies in relation to the 1997-98 year of income as if paragraph 109N(1)(a) of that Act were repealed and the following paragraph were substituted:

(a) the loan is covered by a written agreement that was made before 1 July 1998; and