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
14 At the end of subsection 165-120(1)
Add:
Note 3: Subdivision 709-D modifies how this Subdivision operates in relation to a company that used to be a member of a consolidated group and that writes off as bad a debt that used to be owed to a member of the group.
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