INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 35 - Deferral of losses from non-commercial business activities  

SECTION 35-20   35-20   Application of Commisioner's decisions  


A decision of the Commissioner made under section 35-55 of the Income Tax Assessment Act 1997 :


(a) before the commencement of Schedule 2 to the Tax Laws Amendment (2009 Budget Measures No 2) Act 2009 ; and


(b) for one or more income years;

continues to have effect, after that commencement, for those income years despite the amendments made by that Schedule.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.