Treasury Laws Amendment (News Media Bargaining) (Consequential) Act 2026 (79 of 2026)

Schedule 1   Amendments

Part 1   Amendments

Income Tax Assessment Act 1997

5   In the appropriate position in Division 26

Insert:

26-120 News media bargaining charge cannot be deducted

You cannot deduct under this Act an amount of *news media bargaining charge that you pay.