Education Legislation Amendment (Overseas Debt Recovery) Act 2015 (154 of 2015)
Schedule 5 Other amendments
Income Tax Assessment Act 1997
3 Section 12-5 (after table item headed "offshore banking units")
Insert:
|
overseas debtors repayment levy |
|
|
limit on deduction |
82A |
|
payment made to reduce a liability to overseas debtors repayment levy under the Student Loans (Overseas Debtors Repayment Levy) Act 2015, no deduction unless provided as fringe benefit |
26-20 |
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