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

31   Application of amendments

(Part-debt write offs)

 

(1) The amendments made by this Division, so far as they relate to the writing off of part of a debt, apply to a writing off occurring after 26 February 1992, and the amendments are to be disregarded for the purpose of interpreting any of the amended provisions of the Principal Act in relation to the writing off of a part of a debt on or before that day.
        

(Debt/equity swaps)

      

(2) Section 63E of the Principal Act as amended by this Division applies where the debt or part of the debt concerned is extinguished after 26 February 1992.