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

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

27   Subsection 328-185(7)

Omit “even if you stop being an *STS taxpayer and again become one”, substitute “even if you are not a *small business entity for a later income year or you do not choose to use this Subdivision for that later year”.