Tax Law Improvement Act 1997 (121 of 1997)

Schedule 5   Trading stock (and some related matters)

Part 2   Consequential amendment of the Income Tax Assessment Act 1997

23   Subsection 165-60(4)

Omit “26BA (Double wool clips) of the Income Tax Assessment Act 1936”, substitute “385-135 (Election to defer including profit on second wool clip)”.