Income Tax Assessment Act 1936

Div 10B repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010.

Div 10B inserted by No 101 of 1956.

S 124Y repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010. S 124Y formerly read:

SECTION 124Y DAMAGES FOR INFRINGEMENT  
124Y
Where, in pursuance of a judgment of a court or otherwise, an amount is paid to a person who is or has been the owner of a unit of industrial property in respect of an infringement, or an alleged infringement, of the copyright to which the unit relates, that person shall, for the purposes of this Division, be deemed to have disposed of the unit in part, at the time of payment, in consideration of the payment of that amount.

Former s 124Y amended by No 101 of 2006 , s 3 and Sch 2 item 321, by substituting " copyright " for " patent, copyright or design " , effective 14 September 2006. For application and savings provisions see the CCH Australian Income Tax Legislation archive .

Former s 124Y amended by No 172 of 1978.