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
18 Subsection 165-120(1) (note 3)
Repeal the note, substitute:
Note 3: Subdivisions 709-D and 719-I modify how this Subdivision operates in relation to a company that used to be a member of a consolidated group or MEC group and that writes off as bad a debt that used to be owed to a member of the group.
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