Tax Law Improvement Act 1997 (121 of 1997)

Schedule 4   Deductions

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

83   Before subsection 63(1)

Insert:

(1AAA) This section (other than subsection (1A)) does not apply to the 1997-98 year of income or a later year of income.

Note: Section 25-35 of the Income Tax Assessment Act 1997 deals with the deductibility of bad debts in those income years.