Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 6   Consolidation

Part 4   Bad debts

Division 2   Consequential amendments

Income Tax Assessment Act 1997
13   Subsection 25-35(5) (at the end of the table)



An entity that used to be a member of a consolidated group can deduct a bad debt that used to be owed to a member of the group only if certain conditions are met

Subdivision 709-D

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