New Business Tax System (Simplified Tax System) Act 2001 (78 of 2001)

Schedule 3   Deducting prepayments

Income Tax Assessment Act 1936

9A   At the end of section 82KZMB

Add:

(8) Subsection (7) does not apply to:

(a) expenditure described in paragraph 82KZMC(1A)(a); or

(b) a taxpayer described in paragraph 82KZMC(1A)(b).