INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-1
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ASSESSABLE INCOME
Division 20
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Items included to reverse the effect of past deductions
Subdivision 20-A
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Insurance, indemnity or recoupment for deductible expenses
SECTION 20-1 (ARCHIVE)
Application of Subdivision 20-A of the
Income Tax Assessment Act 1997
20-1(2)
That Subdivision also applies to an amount by which you are taken because of paragraph 70A(5) (b) of the Income Tax Assessment Act 1936 to be recouped in the 1997-98 income year.
CCH Note:
Below is material repealed as inoperative in s 20-1 by No 101 of 2006.
That Subdivision also applies to an amount by which you are taken because of paragraph 70A(5) (b) of the Income Tax Assessment Act 1936 to be recouped in the 1997-98 income year.
Note:
Paragraph 70A(5) (b) of the Income Tax Assessment Act 1936 carries forward to the next income year a recoupment of mains electricity connection expenditure that is not assessable in the current year.
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