Income Tax Assessment Act 1936

Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. No 114 of 2010, Sch 1 item 95 contains the following saving provisions:

95 Saving of regulations relating to stock exchanges  
95
Despite the repeal of the definition of approved stock exchange in section 470 of the Income Tax Assessment Act 1936 by item 37 of this Schedule, regulations made for the purposes of that definition that were in force immediately before this item commences continue in force on and after that commencement as if those regulations had been made for the purposes of the definition of approved stock exchange in the Income Tax Assessment Act 1997 as inserted by item 81 of this Schedule. 96 Saving of elections relating to foreign hybrids  
96
Despite the repeal of subsection 485AA(1) of the Income Tax Assessment Act 1936 by item 37 of this Schedule, elections made under that subsection continue to have effect on and after the commencement of this Schedule as if that repeal had not happened.

Part XI inserted by No 190 of 1992.

Div 20 repealed by No 143 of 2007 , s 3 and Sch 1 item 126, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s 559A .

S 610 repealed by No 143 of 2007 , s 3 and Sch 1 item 126, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s 559A . S 610 formerly read:

SECTION 610 FURTHER FIF ATTRIBUTED TAX ACCOUNT CREDIT  
610(1)
A FIF attributed tax account credit arises in relation to a taxpayer for a FIF that is the second tier foreign company referred to in section 160AFCF or the second tier foreign trust referred to in section 160AFCH if, on the assumption that the references in those sections to a notional deduction under Subdivision D of Division 18 did not include a reference to a deduction in respect of Australian tax, the taxpayer would be taken by those sections to have paid, and to have been personally liable for, an amount of foreign tax in respect of an amount included in the taxpayer ' s assessable income under section 529 in respect of a notional accounting period of a FIF that is the first tier foreign company referred to in section 160AFCF or the first tier foreign trust referred to in section 160AFCH , as the case may be.

610(2)
The amount of the credit is equal to the amount of the foreign tax.

610(3)
The FIF attributed tax account credit arises at the end of the notional accounting period referred to in subsection (1).

S 610 inserted by No 190 of 1992.