2008 drafting corrections to the Income Tax Act.

Sections LP 2(2), OA 18(3), OZ 12(2) and (3), RA 13(1)(b), RE 13(3)(a), RE 19(2) and (3), and schedule 1, part D of the Income Tax Act 2007, section 33A(1)(b) of the Tax Administration Act 1994 and section 2(21) of the Taxation (Business Taxation and Remedial Matters) Act 2007

A number of minor drafting and cross-referencing errors that arise mainly from the rewrite of the Income Tax Act have been corrected. These corrections are being made as a matter of urgency to give certainty to taxpayers. These remedial amendments apply generally from the 2008-09 income year.