Tax Law Improvement Act 1997 (121 of 1997)

Schedule 10   Entertainment expenses

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

15   Before subsection 51AE(1)

Insert:

(1A) This section does not apply to an assessment for the 1997-98 year of income or a later year of income.

Note: Division 32 of the Income Tax Assessment Act 1997 deals with the deductibility of entertainment expenses.