Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 1   Distributions to entities connected with a private company and related issues

Part 2   Other amendments

Income Tax Assessment Act 1936

35   Subsection 109Y(2) (definition of repayments of non-commercial loans )

Omit “section 108” (wherever occurring), substitute “former section 108, or section”.