Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 10 Technical corrections and amendments
Part 1 Technical corrections and amendments commencing on Royal Assent
Income Tax Assessment Act 1997
40 Section 12-5 (table item headed "interest")
Repeal the item, substitute:
|
interest |
|
|
convertible notes, interest on, generally |
82L to 82T |
|
foreign residents, debt creation involving, generally |
159GZY to 159GZZF |
|
foreign residents, delayed deduction for interest paid to until withholding tax payable has been paid |
|
|
life assurance premiums, interest etc. on loans to finance, no deduction for |
67AAA |
|
superannuation contributions, interest etc. on loans to finance, no deduction for |
|
|
underpayment or late payment of tax, interest for |
25-5 |
|
see also infrastructure borrowings |