Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1992No. 98, 1992 - SECT 31

31.(1) The amendments made by this Division, so far as they relate to the
writing off of part of a debt, apply to a writing off occurring after 26
February 1992, and the amendments are to be disregarded for the purpose of
interpreting any of the amended provisions of the Principal Act in relation to
the writing off of a part of a debt on or before that day. (Debt/equity swaps)

(2) Section 63E of the Principal Act as amended by this Division applies where
the debt or part of the debt concerned is extinguished after 26 February 1992.