Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 245-30 What this Subdivision is about
A debt is forgiven if you no longer have to pay it.
However, this Division does not apply to some cases of forgiveness, such as bankruptcy.
| Operative provisions | |
| 245-35 | What constitutes forgiveness of a debt |
| 245-36 | What constitutes forgiveness of a debt if the debt is assigned |
| 245-37 | What constitutes forgiveness of a debt if a subscription for shares enables payment of the debt |
| 245-40 | Forgivenesses to which operative rules do not apply |
| 245-45 | Application of operative rules if forgiveness involves an arrangement |
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