INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IX
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TAXATION OF SUPERANNUATION BUSINESS AND RELATED BUSINESS
Division 7
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Pooled superannuation trusts
SECTION 296
LIABILITY TO TAXATION
296(3) [Liability under sec 26(b) unaffected]
Division 8
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Rebates and provisional tax
SECTION 300
REBATES
300(1)
The trustee of a fund that is an eligible superannuation fund or an eligible ADF in relation to a year of income:
(a) is entitled to a rebate as provided by section 160AB ; and
(b) is not entitled to a rebate as provided by section 46 or 46A .
(c) (Omitted by No 20 of 1990)
300(2)
The trustee of a PST:
(a) is entitled to a rebate as provided by section 160AB ; and
(b) is not entitled to a rebate as provided by section 46 or 46A .
(c) (Omitted by No 20 of 1990)
Division 10
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Tax treatment of gains or losses on disposal of assets owned by complying superannuation funds, complying ADFs and PSTs
SECTION 305
305
DIVISION TO BE TREATED AS A PROVISION OF PART IIIA
For the purposes of the application of Part IIIA to a taxpayer, where the expression ``provision of this Part'' or ``provisions of this Part'' is used in that Part, the expression shall be taken to include a reference to any of the provisions of this Division.
CCH Note:
Below is material repealed as inoperative in s 296 by No 101 of 2006.
296(3) [Liability under sec 26(b) unaffected]
Subsection (2) does not affect any liability arising under paragraph 26(b), in relation to a year of income, in relation to a unitholder that is not a complying ADF, a complying superannuation fund or a PST in relation to that year of income.
The trustee of a fund that is an eligible superannuation fund or an eligible ADF in relation to a year of income:
(a) is entitled to a rebate as provided by section 160AB ; and
(b) is not entitled to a rebate as provided by section 46 or 46A .
(c) (Omitted by No 20 of 1990)
View history note
Hide history note300(2)
The trustee of a PST:
(a) is entitled to a rebate as provided by section 160AB ; and
(b) is not entitled to a rebate as provided by section 46 or 46A .
(c) (Omitted by No 20 of 1990)
S 300 inserted by No 97 of 1989.
For the purposes of the application of Part IIIA to a taxpayer, where the expression ``provision of this Part'' or ``provisions of this Part'' is used in that Part, the expression shall be taken to include a reference to any of the provisions of this Division.