Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 10   Technical corrections and amendments

Part 1   Technical corrections and amendments commencing on Royal Assent

Income Tax (Transitional Provisions) Act 1997

223   Subdivision 175-C

Repeal the Subdivision, substitute:

Subdivision 175-C - Tax benefits from unused bad debt deductions

Table of sections

175-78 Application of Subdivision 175-C of the Income Tax Assessment Act 1997

175-78 Application of Subdivision 175-C of the Income Tax Assessment Act 1997

Subdivision 175-C of the Income Tax Assessment Act 1997 (about companies obtaining tax benefits from unused bad debt deductions) applies to assessments for the 1998-99 income year and later income years.