Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 9C
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Assessable income diverted under certain tax avoidance schemes
SECTION 121K
121K
APPLICATION OF INTERNATIONAL TAX AGREEMENTS ACT
For the purposes of sections 15 and 16 of the International Tax Agreements Act 1953 , any amount that is included in the diverted income or diverted trust income of a taxpayer of a year of income shall be deemed to be included in the assessable income of the taxpayer of the year of income.
View history note
Hide history noteFor the purposes of sections 15 and 16 of the International Tax Agreements Act 1953 , any amount that is included in the diverted income or diverted trust income of a taxpayer of a year of income shall be deemed to be included in the assessable income of the taxpayer of the year of income.
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