Tax Laws Amendment (2005 Measures No. 5) Act 2005 (162 of 2005)
Schedule 3 Consolidation
Part 1 Bad debts
Division 3 Consequential amendments
Income Tax Assessment Act 1997
17 Subsection 25-35(5) (table item 6)
Repeal the item, substitute:
|
6 |
An entity that used to be a member of a consolidated group or MEC group can deduct a bad debt that used to be owed to a member of the group only if certain conditions are met |
Subdivisions 709-D and 719-I |
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