Document ID: chunk:federal_register_of_legislation:C2010C00260:clause:2_45
Version: federal_register_of_legislation:C2010C00260
Segment Type: clause
Provision Reference: sch 2 cl 45
Character Range: 54985–55553

45  After subsection 110‑55(9A)
Insert:

 (9B) Expenditure does not form part of the reduced cost base to the extent that it is a *bribe to a foreign public official or a *bribe to a public official.

 (9C) Expenditure does not form part of the reduced cost base to the extent that it is in respect of providing *entertainment.

 (9D) Expenditure does not form part of the reduced cost base to the extent that section 26‑5 prevents it being deducted (even if some other provision also prevents it being deducted).

Note: Section 26‑5 denies deductions for penalties.