Income Tax Assessment Act 1936

Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. No 114 of 2010, Sch 1 item 95 contains the following saving provisions:

95 Saving of regulations relating to stock exchanges  
95
Despite the repeal of the definition of approved stock exchange in section 470 of the Income Tax Assessment Act 1936 by item 37 of this Schedule, regulations made for the purposes of that definition that were in force immediately before this item commences continue in force on and after that commencement as if those regulations had been made for the purposes of the definition of approved stock exchange in the Income Tax Assessment Act 1997 as inserted by item 81 of this Schedule. 96 Saving of elections relating to foreign hybrids  
96
Despite the repeal of subsection 485AA(1) of the Income Tax Assessment Act 1936 by item 37 of this Schedule, elections made under that subsection continue to have effect on and after the commencement of this Schedule as if that repeal had not happened.

Part XI inserted by No 190 of 1992.

Div 17A repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading.

Div 17A inserted by No 83 of 2004.

S 533B repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading. S 533B formerly read:

SECTION 533B SECTION 533B DEDUCTION FOR OVERSEAS SUPERANNUATION TRANSFERS  
533B
If:

(a) a taxpayer has an interest in a FIF that is a fund or scheme in relation to which Subdivision 305-B of the Income Tax Assessment Act 1997 applies (see section 305-55 of that Act) (the paying fund ); and

(b) the paying fund transfers an amount to a complying superannuation fund in respect of the taxpayer; and

(c) the taxpayer chooses under section 305-80 of the Income Tax Assessment Act 1997 that the amount, or part of the amount, is to be treated as assessable income of the complying superannuation fund; and

(d) immediately before the transfer happens, there is a FIF attribution surplus for the paying fund under section 604 in relation to the taxpayer;

then the taxpayer is entitled to a deduction, for the year of income in which the transfer happened, for the lesser of:

(e) the FIF attribution surplus; and

(f) the amount covered by the taxpayer's choice.
533B(2)
(Repealed by No 15 of 2007)

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History

S 533B(2) repealed by No 15 of 2007, s 3 and Sch 1 item 139, applicable to the 2007-2008 income year and later years. S 533B(2) formerly read:

533B(2)
In this section:

complying superannuation fund
has the same meaning as in Part IX .

eligible non-resident non-complying superannuation fund
has the same meaning as in Subdivision AA of Division 2 of Part III .

S 533B amended by No 15 of 2007, s 3 and Sch 1 items 135 to 138, by substituting " a fund or scheme in relation to which Subdivision 305-B of the Income Tax Assessment Act 1997 applies (see section 305-55 of that Act) " for " an eligible non-resident non-complying superannuation fund " in para (a), substituting para (c) and substituting " choice " for " election " in para (f), applicable to the 2007-2008 income year and later years. Para (c) formerly read:

(c) the taxpayer elects under subsection 27CAA(3) that the amount, or part of the amount, is to be treated as a taxable contribution of the complying superannuation fund; and

S 533B inserted by No 83 of 2004.