Tax Law Improvement Act 1997 (121 of 1997)

Schedule 10   Entertainment expenses

Part 2   Consequential amendment of the Income Tax Assessment Act 1997

10   Subsection 995-1(1) (at the end of the definition of purpose of producing assessable income)

Add:

Note 1: These provisions treat use of property as being for the purpose of producing assessable income:

· section 330-45 (about using property for rehabilitation relating to mining or quarrying)

Note 2: These provisions treat use of property as not being for the purpose of producing assessable income:

· section 32-15 (about using property in providing entertainment)