Tax Law Improvement Act 1997 (121 of 1997)

Schedule 4   Deductions

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

68   Before subsection 51(6)

Insert:

(6AA) Subsection (6) does not apply to the 1997-98 year of income or a later year of income.

Note: Section 26-20 (HECS and student assistance) of the Income Tax Assessment Act 1997 denies a deduction for certain amounts paid under the Higher Education Funding Act 1988 and the Student Assistance Act 1973.