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 717-240 amended by No 114 of 2010, s 3 and Sch 1 item 59, by substituting para (b) for (c), applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. Para (c) formerly read:

(c) the FIF attribution surplus (if any) for a FIF attribution account entity (within the meaning of Part XI of the Income Tax Assessment Act 1936 ) in relation to the head company just before the leaving time.

S 717-240 amended by No 143 of 2007 , s 3 and Sch 1 items 171 to 173, by repealing para (b), substituting " leaving time. " for " leaving time; " in para (c) and repealing para (d), 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 . Paras (b) and (d) formerly read:

(b) the attributed tax account surplus (if any) for an attribution account entity (within the meaning of Part X of the Income Tax Assessment Act 1936 ) in relation to the head company just before the leaving time;

(d) the FIF attributed tax account surplus (if any) for a ^* FIF (within the meaning of Part XI of the Income Tax Assessment Act 1936 ) in relation to the head company just before the leaving time.

S 717-240 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 ).