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

40   Subsection 995-1(1)

Insert:

trading stock has the meaning given by section 70-10, as modified by sections 124ZO and 124ZQ of the Income Tax Assessment Act 1936.