Div 25 inserted by No 121 of 1997.
25-45 Loss by theft etc.
(a) you discover the loss in the income year; and
(b) the loss was caused by theft, stealing, embezzlement, larceny, defalcation or misappropriation by your employee or *agent (other than an individual you employ solely for private purposes); and
(c) the money was included in your assessable income for the income year, or for an earlier income year.
If you receive an amount as recoupment of the loss, the amount may be included in your assessable income: see Subdivision 20-A.
S 25-45 Note inserted by No 16 of 1998.
S 25-45 inserted by No 121 of 1997.