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

Schedule 1   Consequential amendments of the Income Tax Assessment Act 1936

33   Subsection 50A(1)

Add at the end:

Note: Subdivision 165-B of the Income Tax Assessment Act 1997 sets out special rules for working out a company’s taxable income and tax loss for the 1997-98 year of income and later years of income. Those rules may apply if there has been a change in the ownership or control of the company in those years of income.