Income Tax (Consequential Amendments) Act 1997 (39 of 1997)

Schedule 1   Consequential amendments of the Income Tax Assessment Act 1936

76   Before subsection 80F(1)

Insert:

(1A) This section does not apply to the 1997-98 year of income or a later year of income.

Note: To work out the deductibility of a tax loss that results from a debt being written off as bad in the 1997-98 year of income or a later year of income: see section 63CA.