Document ID: chunk:federal_register_of_legislation:C2011C00702:clause:2_105
Version: federal_register_of_legislation:C2011C00702
Segment Type: clause
Provision Reference: sch 2 cl 105
Character Range: 41053–41489

105  Subsection 136(1) (paragraphs (a) and (b) of the definition of non‑deductible entertainment expenditure)
Repeal the paragraphs, substitute:
 (a) section 32‑5 of the Income Tax Assessment Act 1997 applies to it, or would apply if it were incurred in producing assessable income; and
 (b) apart from that section, it would be deductible under section 8‑1 of that Act, or would be if it were incurred in producing assessable income;