Income Tax Assessment Act 1936

Part IX repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-2008 income year and later years.

Former Part IX inserted by No 97 of 1989 and amended by No 105 of 1989.

Div 10 repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years.

Div 10 inserted by No 105 of 1989.

S 306 repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years. S 306 formerly read:

SECTION 306 TREATMENT OF CGT ASSET OWNED AT THE END OF 30 JUNE 1988  
306(1) [Application]  

Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 apply to a 30 June 1988 asset of a taxpayer as if the taxpayer had acquired it on 30 June 1988.

306(2) [Calculating asset ' s cost base]  

However, this does not affect how to work out the asset ' s cost base to the taxpayer.

S 306 substituted by No 46 of 1998 and inserted by No 105 of 1989.