Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 8   Accounting principles

Income Tax Assessment Act 1997

92   Subsection 705-58(1)

Omit "*accounting standards, or statements of accounting concepts made by the Australian Accounting Standards Board, require them to be set off against each other", substitute ", in accordance with *accounting principles, they are required to be set off against each other".