Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 3   STS taxpayers

Part 1   Main amendments

Income Tax Assessment Act 1997

11   Paragraph 328-175(7)(a)

Omit “before you became an *STS taxpayer”, substitute “during an income year for which you were not a *small business entity or had not chosen to use this Subdivision”.