Document ID: chunk:federal_register_of_legislation:C2004A00846:clause:3_8
Version: federal_register_of_legislation:C2004A00846
Segment Type: clause
Provision Reference: sch 3 cl 8
Character Range: 55762–56202

8  Subsection 82KZMA(3)
Repeal the subsection, substitute:

 (3) The expenditure must be:
 (a) either:
 (i) incurred in carrying on a business; or
 (ii) incurred otherwise than in carrying on a business by a taxpayer that is not an individual; and
 (b) incurred under an agreement (see subsection 82KZL(1); and
 (c) incurred in return for the doing of a thing under the agreement that is not to be wholly done within the expenditure year.