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Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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Div 22 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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S 621 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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 621 formerly read:

SECTION 621 OFFENCE OF FAILING TO KEEP RECORDS  
621(1)
A person who contravenes section 615 , 616 , 617 , 618 , 619 or 620 is guilty of an offence punishable on conviction by a fine not exceeding 30 penalty units.

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

621(2)
An offence under section 615 , 616 , 617 , 618 , 619 or 620 is an offence of strict liability.

Note:

For strict liability , see section 6.1 of the Criminal Code .

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History

S 621(2) inserted by No 146 of 2001.

S 621 amended by No 91 of 2000 and inserted by No 190 of 1992.