Income Tax (Consequential Amendments) Act 1997 (39 of 1997)

Schedule 1   Consequential amendments of the Income Tax Assessment Act 1936

19   Before subsection 25(1)

Insert :

(1A) Subsection (1) does not apply to the 1997-98 year of income or a later year of income.

Note: Sections 6-5, 6-10 and 6-15 of the Income Tax Assessment Act 1997 set out rules for working out what amounts are included in an entity’s assessable income for the 1997-98 year of income and later years of income.