INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 17 - Effect of GST etc. on assessable income  

SECTION 17-30 (ARCHIVE)   Special credits because of indirect tax transition  

17-30(1)    
A special credit under section 16, 16A, 16B, 16C, 19A or 19B, of the A New Tax System (Goods and Services Tax Transition) Act 1999 is assessable income :

(a) at the time it is attributed to a ^* tax period (for a credit under section 16, 16A, 16B, 19A or 19B; or

(b) at the time it is paid (for a credit under section 16C).

17-30(2)    
A special credit under section 3 of the A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999 is assessable income at the time it is attributed to a ^* tax period.