Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 410 - Copyright collecting societies  

SECTION 410-1   Application of section 51-43 of the Income Tax Assessment Act 1997  

410-1(1)    

A copyright collecting society to which section 51-43 of the Income Tax Assessment Act 1997 applies, may elect that, from 1 July 2004, the section apply to all ordinary income, and statutory income, collected or derived by the society on or after 1 July 2004.

410-1(2)    
A society makes a valid election if:

(a) the election is in writing; and

(b) the election is given to the Commissioner within 28 days after the day on which this section commences.