Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)
Schedule 5 Inoperative Acts repealed on Royal Assent
Part 2 Consequential amendments
Income Tax Assessment Act 1997
124 Section 17-30
Repeal the section, substitute:
17-30 Special credits because of indirect tax transition
A special credit under section 19A of the A New Tax System (Goods and Services Tax Transition) Act 1999 is assessable income at the time it is attributed to a *tax period (for a credit under section 19A).