Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 36.30

After you become bankrupt, you cannot deduct a tax loss that you incurred
beforehand. However, you may be able to deduct repayments of debts you
incurred in the loss year.

Table of sections Operative provisions
36-35    No deduction for tax loss incurred before bankruptcy

36-40    Deduction for amounts paid for debts incurred before 
bankruptcy
36-45    Limit on deductions for amounts paid