Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
3 Company bad debts
4 Consequential amendment of other Acts
Commonwealth Bank Sale Act 1995
21 Subsection 18(1)
Omit "section 63A of the Income Tax Assessment Act 1936 to decide whether a deduction is allowable to a Bank body", substitute "Subdivision 165-C or 166-C of the Income Tax Assessment Act 1997 to decide whether a Bank body can deduct an amount for a bad debt".
Note: The heading to section 18 is altered by omitting "section 63A" and substituting "bad debt provisions".
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