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Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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Div 18 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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.

Subdiv C repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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S 545 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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 545 formerly read:

SECTION 545 STEP 2 - DETERMINATION OF OPENING VALUE OF INTERESTS  
545
The second step is to determine the value of the interests in the group or the respective values of the interests in each group as at the day ( ``the relevant day'' ) referred to in whichever of the following paragraphs applies:

(a) if the taxpayer had the interests in the FIF at the beginning of the relevant period - the day immediately preceding the first day of the relevant period; or

(b) if the interests in the FIF were acquired by the taxpayer during the relevant period - the day on which they were acquired.

S 545 inserted by No 190 of 1992.

Archived:

S 546 to 549 repealed as inoperative by No 101 of 2006 , s 3 and Sch 1 item 177, effective 14 September 2006. For application and savings provisions and for former wording see the CCH Australian Income Tax Legislation archive .