New Business Tax System (Simplified Tax System) Act 2001 (78 of 2001)
Schedule 3 Deducting prepayments
Income Tax Assessment Act 1936
6 Paragraph 82KZMA(2)(a)
Repeal the paragraph, substitute:
(a) must:
(i) carry on a business; or
(ii) be a taxpayer that is not an individual and that does not carry on a business; and
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