Tax Laws Amendment (2006 Measures No. 6) Act 2007 (4 of 2007)

Schedule 2   Technical corrections and amendments

Part 3   Asterisking amendments

Income Tax Assessment Act 1997

26   Asterisking amendments of the Income Tax Assessment Act 1997

The provisions of the Income Tax Assessment Act 1997 listed in the table are amended as set out in the table.

Asterisking amendments

Item

Provision

Omit:

Substitute:

1

Subparagraph 43-150(a)(v)

petroleum

*petroleum

2

Subsection 87-40(1)

agents

*agents

3

Paragraph 204-30(2)(b)

paid-up share capital

*paid-up share capital

4

Subsection 995-1(1) (subparagraph (b)(i) of the definition of apportionable deductions)

*market value

market value

5

Subsection 995-1(1) (subparagraph (b)(ii) of the definition of apportionable deductions)

*live stock

live stock