Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 415-30 Bad debts written off etc. by trusts
Scope
415-30(1)
This section applies to a debt to which paragraph 266-35(1)(a) , 266-85(1)(a) or (2)(a), 266-120(1)(a), 266-160(1)(a) or (b), 267-25(1)(a) or 267-65(1)(a) in Schedule 2F to the Income Tax Assessment Act 1936 applies, if the trust is a * designated infrastructure project entity at a time (the status time ) in the income year in which the debt was incurred.
Modifications of Schedule 2F to the Income Tax Assessment Act 1936
415-30(2)
Despite paragraph 266-35(1)(b) , 266-85(1)(b) or (2)(b) , 266-120(1)(b) , 266-160(2)(a) , 267-25(1)(b) or 267-65(1)(a) in that Schedule, for the purposes of sections 266-40 and 266-45 , section 266-90 , subsections 266-125(1) and (2) , subsections 266-165(1) and (2) , sections 267-40 and 267-45 or sections 267-70 and 267-75 in that Schedule (whichever are applicable), the test period starts at the first time:
(a) that occurs after the status time; and
(b) at which the trust is not a * designated infrastructure project entity.
415-30(3)
For the purposes of section 267-30 in that Schedule, disregard any part of an income year during which the trust is a * designated infrastructure project entity.
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