Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 6 Consolidation
Part 4 Bad debts
Division 2 Consequential amendments
Income Tax Assessment Act 1997
13 Subsection 25-35(5) (at the end of the table)
Add:
|
6 |
An entity that used to be a member of a consolidated group can deduct a bad debt that used to be owed to a member of the group only if certain conditions are met |
Subdivision 709-D |
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