Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 10E - PDFs (pooled development funds)  

Subdivision C - Adjustments of the tax treatment of capital gains and capital losses of PDFs  

SECTION 124ZY   CLASSES OF ASSESSABLE INCOME  

124ZY(1)   Classes.  

The classes of assessable income of the company are as follows:

(a) SME assessable income (see section 124ZT );

(b) other assessable income (see subsection (2)).

124ZY(2)   Other assessable income.  

The company's other assessable income of the year of income is the sum of:

(a) so much of the company's non-CGT assessable income of the year of income as is not included in the company's SME assessable income of the year of income; and

(b) any assessable income allocated to the company's other assessable income under section 124ZZB .