Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 5   Amendments relating to debts

29   Interpretation

Section 82KH of the Principal Act is amended:

(a) by inserting in subsection (1AA) ", or a part of a debt," after "to a debt";
          

(b) by inserting after subsection (1AB) the following subsection:
          

"(1ABA) This section has the same effect in relation to an allowable deduction under section 63E in respect of the extinguishing of the whole or part of a debt as it has in respect of an allowable deduction under section 51 or 63 in respect of the writing off of the whole or part of a debt as bad.".