Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1992No. 98, 1992 - SECT 30

30. Section 399A of the Principal Act is amended by adding at the end the
following subsections:

"(4) Where a part of a debt is written off as bad, the preceding provisions of
this section apply as if the part were an entire debt that is written off as
bad.

"(5) This section has the same effect in relation to an allowable deduction
under section 63E in respect of the whole or part of a debt that is
extinguished as it has in relation to an allowable deduction under section 51
or 63 in respect of the whole or part of a debt that is written off as bad.".