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The Issues Log

Issue: s 24P, s NC 15(3)

Submission Number	71
Submitter	Deloitte
Section / Provision Income Tax Act 2007	s24P
Section / Provision Income Tax Act 2004	s NC 15 (3)
Date Received	05/06/08
Description of issue	Inconsistency between s NC 15(3) of the Income Tax Act 2004 and the listed corresponding provision - s 24P of the Tax Administration Act 1994
Section / Provision Income Tax Act 1994	s NC 15(3)
Status	Finalised
Outcome	The Panel has considered your submission and agree an unintended legislative change arises in respect of section NC 15(3) of the Income Tax Act 2007. Legislation is introduced to include a Commissioner discretion to vary the requirements of s.RD 22.

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