Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1993No. 18, 1993 - SECT 9

9. Section 6 of the Principal Act is amended:

   (a)  by omitting "or paragraph 78 (1) (a)" from paragraph (a) of the
definition of "apportionable deductions" in subsection (1);
(b) by inserting after paragraph (a) of the definition of "apportionable
deductions" in subsection (1) the following paragraph:

"(aa) deductions allowed or allowable under subsection 78 (4) or (5) (other
than deductions allowed or allowable for gifts of property that is trading
stock of the taxpayer to which subsection 36 (1) applies, where the taxpayer
has not made, and does not make, an election under subsection 36 (3) or
section 36AAA in relation to the property); or".