New Business Tax System (Integrity and Other Measures) Act 1999 (Incorporating amendments up to Act No. 78 of 2001) (169 of 1999)

Schedule 7   Deducting prepayments

Part 1   New rules

Division 2   Expenditure in years of income starting after last year of transitional relief

Income Tax Assessment Act 1936

9   Subsection 82KZMD(1)

Repeal the subsection.

Note: The heading to section 82KZMD is replaced by the heading " Business expenditure (except by an STS taxpayer) and non business expenditure by non individual ".