Income Tax Assessment Act 1936 (Archive)

PART III - LIABILITY TO TAXATION  

Division 16G - Debt creation involving non-residents  

Subdivision B - Application of Division  

SECTION 159GZZD  

159GZZD   APPLICATION OF DIVISION  
This Division applies to interest incurred in respect of an amount owing in connection with the acquisition of an asset if:

(a) the interest was incurred on or after 1 July 1987; and

(b) the acquisition occurred on or after 1 July 1987 (otherwise than under a contract entered into before that date).

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