Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 6   Consolidation

Part 4   Bad debts

Division 2   Consequential amendments

Income Tax Assessment Act 1997
14   At the end of subsection 165-120(1)


Note 3: Subdivision 709-D modifies how this Subdivision operates in relation to a company that used to be a member of a consolidated group and that writes off as bad a debt that used to be owed to a member of the group.