Drafting corrections
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.