INCOME TAX ASSESSMENT ACT 1997 - SECT 243.40 Amount included in debtor's assessable income
INCOME TAX ASSESSMENT ACT 1997 - SECT 243.40
Amount included in debtor's assessable incomeThe debtor's assessable income for the income year in which the termination occurs is to include the excess referred to in subsection 243 - 35(1).
Note: Section 243 - 60 applies in relation to certain
partnership debts.