Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 2   STS accounting method

Income Tax Assessment Act 1997

7   Section 328-5

Omit:

• you use a cash accounting system for ordinary income, general deductions and deductions for tax-related expenses and repairs; and

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).