Taxation Laws Amendment Act (No. 1) 2001 (72 of 2001)

Schedule 2   Arrangements treated as a sale and loan and limited recourse debt

Part 3   Consequential amendments: limited recourse debt

Income Tax Assessment Act 1997

72   At the end of section 110-43

Add:

(4) Subsection (2) does not apply in relation to amounts that you have deducted or can deduct under Division 243.