Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 250.225

Rights and obligations include contingent rights and obligations

                   To avoid doubt:

                     (a)  a right is treated as a right for the purposes of this Division even it is subject to a contingency; and

                     (b)  an obligation is treated as an obligation for the purpose of this Division even if it is subject to a contingency.

The accruals method



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