Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (72 of 2025)

Schedule 4   Minor and technical amendments

Part 2   Amendments commencing first day of next quarter

Division 4   Income tax deduction for GST paid by reverse charge

Income Tax Assessment Act 1997

53   Application of amendments

Subsection 27-15(4) of the Income Tax Assessment Act 1997, as added by this Division, applies in relation to assessed net amounts that are payable in the income year that includes 1 July 2023 and later income years.