Tax Law Improvement Act 1997 (121 of 1997)

Schedule 4   Deductions

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

65   Before subsection 51(3)

Insert:

(3A) Subsection (3) does not apply to the 1997-98 year of income or a later year of income.

Note: Section 26-10 (Leave payments) of the Income Tax Assessment Act 1997 deals with the deductibility of leave payments.