Explanatory Memorandum(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)
In this Explanatory Memorandum, the following Bills and Acts are referred to by the abbreviations indicated:
|Income Tax Assessment Act 1936||ITAA 1936|
|Income Tax Assessment Act 1997||ITAA 1997|
|Taxation Laws Amendment (Trust Loss and Other Deductions) Bill 1997||the Bill|
References in this Explanatory Memorandum to items and sections contained in the amendments are references to those in the Taxation Laws Amendment (Trust Loss and Other Deductions) Bill 1997 , unless otherwise indicated.