Tax Law Improvement Act 1997 (121 of 1997)

Schedule 4   Deductions

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

67   Before subsection 51(5)

Insert:

(5A) Subsection (5) does not apply to the 1997-98 year of income or a later year of income.

Note: Section 25-5 (Tax-related expenses) of the Income Tax Assessment Act 1997 deals with the deductibility of interest.