Income Tax Assessment Act 1997

Part 3-90 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Div 717 inserted by No 90 of 2002, s 3 and Sch 6 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Subdiv 717-E (heading) substituted by No 114 of 2010, s 3 and Sch 1 item 57, effective 14 July 2010. The heading formerly read:

Subdivision 717-E - Transfer of certain surpluses under CFC, FIF and FLP provisions: exit rules

Subdiv 717-E (heading) substituted by No 16 of 2003, s 3 and Sch 8 item 4, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ). The heading formerly read:

Subdivision 717-E - Attributable income: exit rules

Subdiv 717-E inserted by No 90 of 2002, s 3 and Sch 6 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

S 717-260 repealed by No 143 of 2007 , s 3 and Sch 1 item 175, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under Div 770 heading . S 717-260 formerly read:

SECTION 717-260 FIF attributed tax account surpluses  
717-260
Section 717-245 also operates for the purposes of Part XI of the Income Tax Assessment Act 1936 as described in the table:

Graphic

Graphic

Transfer of FIF attributed tax account surpluses by section 717-245
Item	Section 717-245 operates in relation to this thing (within the meaning of Part XI of the Income Tax Assessment Act 1936 ):	In the same way as it operates in relation to this thing:
1	FIF attributed tax account surplus	Attribution surplus
2	*FIF	Attribution account entity
3	FIF attribution account percentage	Attribution account percentage
4	FIF attributed tax account credit	Attribution credit
5	FIF attributed tax account debit	Attribution debit

Note:

Section 717-265 may affect the calculation of the FIF attributed tax account surplus for the FIF in relation to the head company just before the leaving time.

S 717-260 inserted by No 90 of 2002, s 3 and Sch 6 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

S 717-260 repealed by No 143 of 2007 . For savings provisions, see note under Div 770 heading .

S 717-260 inserted by No 90 of 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).