Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 3   Gifts and covenants

Income Tax Assessment Act 1997

2   Subsection 30-5(4B)

Repeal the subsection, substitute:

(4B) Subdivision 30-DB allows you to spread deductions for certain gifts and covenants over up to 5 income years.