Income Tax Assessment Act 1936

Sch 4 repealed by No 114 of 2010, s 3 and Sch 1 item 39, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. Sch 4 formerly read:

SCHEDULE 4 - BUSINESS ACTIVITIES THAT ARE NOT ELIGIBLE ACTIVITIES FOR THE PURPOSES OF DIVISION 3 OF PART XI

Section 496

(a) Banking* and the provision of finance.

(b) Financial intermediation services.

(c) Investment in tainted assets, or tainted commodity investments, within the meaning of section 317.*

(d) Life insurance business.*

(e) General insurance business.*

(f) (Repealed by No 73 of 2004)

(g) Activities in connection with real property, other than in connection with construction.*

*Note:

Subsection 496(2) provides to the effect that the references in this Schedule to banking, investment, life insurance business, general insurance business, and certain activities in connection with real property, as being activities that are not eligible activities do not affect the exemptions provided for by Divisions 4 , 5 , 6 and 7 of Part XI .

Sch 4 amended by No 73 of 2004 and No 82 of 1994 and inserted by No 190 of 1992.