Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteDivision 245 of the Income Tax Assessment Act 1997 applies to debts forgiven in:
(a) the 2010-11 income year; and
(b) later income years.
245-5(2)
Despite the repeal of Schedule 2C to the Income Tax Assessment Act 1936 , that Schedule continues to apply to debts forgiven in:
(a) the 2009-10 income year; and
(b) earlier income years.
245-5(3)
Subsection (2) does not limit the effect of section 8 of the Acts Interpretation Act 1901 in relation to the repeal.
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