Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

69   Subsection 328-250(3) (example)

Omit “becomes an STS taxpayer for the BAE year”, substitute “is a small business entity for the BAE year, and chooses to use this Subdivision for that year”.