Income Tax Assessment Act 1936

Div 10B repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010.

Div 10B inserted by No 101 of 1956.

S 124Z repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010. S 124Z formerly read:

SECTION 124Z BENEFIT FROM OVERSEAS RIGHTS  
124Z
Where the owner of a unit of industrial property has obtained or is obtaining a benefit from a right exercisable in a place outside Australia, being a right which relates to the invention, work or other subject-matter or design to which the unit of industrial property relates, the Commissioner may determine that any deduction allowable under this Division in respect of the unit of industrial property shall be reduced by such amount as the Commissioner, having regard to that benefit, thinks fit, and the deduction shall be reduced accordingly.

S 124Z amended by No 172 of 1978.