Tax Law Improvement Act 1997 (121 of 1997)

Schedule 5   Trading stock (and some related matters)

Part 2   Consequential amendment of the Income Tax Assessment Act 1997

25   Subsection 995-1(1)

Insert:

consideration receivable :

(a) consideration receivable on the disposal of a leased *car has the meaning given by section 20-115; and

(b) consideration receivable for trading stock changing hands has the meaning given by subsection 70-100(11).