Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
3 Company bad debts
3 Consequential amendment of the Income Tax Assessment Act 1936
16 Before subsection 63CA(1)
Insert:
(1A) This section does not apply to the 1998-99 year of income or a later year of income.
Note: Section 165-120 of the Income Tax Assessment Act 1997 deals with a company deducting in those income years a tax loss resulting from a bad debt.
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