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

Schedule 3   Deducting prepayments

Income Tax Assessment Act 1936

2   Subparagraph 82KZM(1)(aa)(i)

Omit "a small business taxpayer", substitute "an STS taxpayer".

Note: The heading to section 82KZM is altered by omitting " small business taxpayer and " and substituting " STS taxpayer and individuals incurring ".