Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 1AB - Certain State/Territory bodies exempt from income tax  

View history reference

 View history note

 Hide history note

History

Div 1AB inserted by No 169 of 1995.

Subdivision A - Exemption for certain State/Territory bodies  

View history reference

SECTION 24AV   REGULATIONS PRESCRIBING EXCLUDED STBs  

View history reference

States and Territories to consent to STBs being excluded STBs

24AV(1)    
The regulations may prescribe that an STB is an excluded STB only if all States and Territories consent to the STB being so prescribed.

Retrospective application of regulations prescribing excluded STBs

24AV(2)    

View history reference

Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to a regulation prescribing an STB as an excluded STB.

 View history note

 Hide history note

History

S 24AV(2) substituted by No 126 of 2015, s 3 and Sch 1 item 298, effective 5 March 2016. S 24AV(2) formerly read:

Regulations prescribing excluded STBs may be retrospective

24AV(2)
Despite subsection 12(2) of the Legislative Instruments Act 2003 , a regulation prescribing an STB as an excluded STB may provide that the STB is an excluded STB in relation to a time before the day of the notification of the regulation in the Gazette .

S 24AV(2) amended by No 58 of 2006 , s 3 and Sch 7 item 246, by substituting " subsection 12(2) of the Legislative Instruments Act 2003 " for " section 48 of the Acts Interpretation Act 1901 " , effective 22 June 2006.

S 24AV inserted by No 169 of 1995.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.