A New Tax System (Tax Administration) Act (No. 2) 2000 (91 of 2000)

Schedule 4A   Income tax deductions for GST-related expenditure

Income Tax Assessment Act 1997

14   After subsection 42-168(1)

Insert:

Ownership and use not required in 1999-2000

(1A) The requirements in paragraphs 42-15(a) and (b) do not apply to a deduction that meets the requirements of subsection (1) of this section.