Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 245 - Forgiveness of commercial debts  

Subdivision 245-A - Debts to which operative rules apply  

Application of Division

SECTION 245-20  

245-20   Parts of debts  

This Division applies to part of a debt in the same way as it applies to a whole debt.

Note:

This Division treats interest, or an amount in the nature of interest, payable on a debt as being a separate debt if the interest or amount has accrued but has not been paid.