Tax Law Improvement Act 1997 (121 of 1997)
Schedule 2 Assessable income
Part 2 Consequential amendment of the Income Tax Assessment Act 1997
14 Section 10-5 (table item headed 'profits')
Omit:
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profit-making undertakings or the sale of property acquired for profit-making by sale |
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substitute:
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profit-making undertaking or plan |
15-15 |
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sale of property acquired before 20 September 1985 for profit-making by sale |
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