Income Tax Assessment Act 1936

Div 16L repealed by No 4 of 2018, s 3 and Sch 6 item 8, effective 21 February 2018. No 4 of 2018, s 3 and Sch 6 item 27 contains the following application provision:

27 Application of amendments  
(1)
The amendments made by this Schedule (other than the repeal of Part 5 of Chapter 3 and Part 2 of Chapter 4 of the Development Allowance Authority Act 1992 ) do not apply in relation to a certificate that is in force just before the commencement of this item.

(2)
For the purposes of applying, on or after that commencement, the Acts amended by this Schedule, as those Acts apply because of subitem (1), a reference in those Acts to the Development Allowance Authority is treated as being a reference to the Commissioner of Taxation.

Div 16L formerly read:

Division 16L - Tax-exempt infrastructure borrowings

Note:

The issue of certificates that give rise to the tax concessions in this Division has been terminated for new cases by the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 .

Div 16L heading amended by No 104 of 1997.

Div 16L inserted by No 98 of 1992.

Former Subdiv B heading omitted by No 163 of 1994.

S 159GZZZZF repealed by No 4 of 2018, s 3 and Sch 6 item 8, effective 21 February 2018. For application provisions, see note under Pt III Div 16L heading. S 159GZZZZF formerly read:

SECTION 159GZZZZF TAX EXEMPTION TO BE DISREGARDED FOR CERTAIN PURPOSES  
159GZZZZF
The exclusion under section 159GZZZZE of amounts from assessable income is to be disregarded for the purpose of applying any provision of this Act to determine allowable deductions in respect of infrastructure borrowings (other than deductions to which section 159GZZZZE applies).

S 159GZZZZF inserted by No 98 of 1992.