Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)

Schedule 1   Distributions to entities connected with a private company

Income Tax Assessment Act 1936

4   Subsection 6(1)


once-only deduction : a deduction in a year of income in respect of a percentage of expenditure is a once-only deduction , in relation to the expenditure, if no deduction is allowable in respect of a percentage of the expenditure in any other year of income.