Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

15   Subsection 328-180(2)

Omit “for an income year for which you are an *STS taxpayer”, substitute “, for an income year for which you are a *small business entity and you choose to use this Subdivision,”.