Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 3 STS taxpayers
Part 1 Main amendments
Income Tax Assessment Act 1997
27 Subsection 328-185(7)
Omit “even if you stop being an *STS taxpayer and again become one”, substitute “even if you are not a *small business entity for a later income year or you do not choose to use this Subdivision for that later year”.
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