Tax Law Improvement Act 1997 (121 of 1997)
Schedule 4 Deductions
Part 2 Consequential amendment of the Income Tax Assessment Act 1997
35 Paragraphs 165-55(5)(a) and (b)
Repeal the paragraphs, substitute:
(a) deductions for bad debts under section 8-1 (about general deductions) or section 25-35 (about bad debts);
(b) deductions for losses on debt/equity swaps under section 63E of the Income Tax Assessment Act 1936;