Income Tax Assessment Act 1997

Div 375 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

Subdiv 375-H repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

Subdiv 375-H inserted by No 108 of 1998.

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S 375-860 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010. S 375-860 formerly read:

SECTION 375-860 When can you claim the deduction?  
375-860(1)
If you pay for the ^* shares in an income year and the shares are issued in the same income year, you get the deduction for that income year.

375-860(2)
If you pay for the ^* shares in an income year but the shares are not issued until a later income year, you get the deduction for the later income year.

Note:

A FLIC can only issue fully paid shares (see section 13 of the Film Licensed Investment Company Act 2005 ).

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History

S 375-860(2) amended by No 58 of 2005, s 3 and Sch 1 items 9 and 10, by substituting " 13 " for " 15 " and substituting " 2005 " for " 1998 " in the note, effective 27 June 2005. For savings provision, see note under s 375-850.

S 375-860 inserted by No 108 of 1998.