s 20-1
In forceApplication of Subdivision 20‑A of the Income Tax Assessment Act 1997
Chapter 2Liability rules of general application
Part 2-1Assessable income
Division 20Items included to reverse the effect of past deductions
Subdivision 20-AInsurance, indemnity or recoupment for deductible expenses
20-1 Application of Subdivision 20‑A of the Income Tax Assessment Act 1997
Subdivision 20‑A of the Income Tax Assessment Act 1997 applies to an assessable recoupment received in the 1997‑98 income year or a later income year of a loss or outgoing whenever incurred.
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