Income Tax Assessment Act 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS

Division 11 - Particular kinds of non-assessable income

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Subdivision 11-A - Lists of classes of exempt income

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11-10 (Repealed) SECTION 11-10 Ordinary or statutory income which is exempt, no matter whose it is
(Repealed by No 12 of 2012)

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History

S 11-10 repealed by No 12 of 2012, s 3 and Sch 6 item 135, effective 21 March 2012. S 11-10 formerly read:

SECTION 11-10 Ordinary or statutory income which is exempt, no matter whose it is
11-10
Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .

[ Commonwealth places windfall tax] (Repealed by No 66 of 2003)

dividends or shares
pooled development fund company dividend 124ZM
pooled development fund company shares, income from sale of 124ZN

financial arrangements
gains related to exempt income 230-30

financial transactions
infrastructure borrowings, income in relation to 159GZZZZE
pooled development fund company dividends 124ZM
pooled development fund company shares, income from sale of 124ZN

foreign aspects of income taxation
Australian-American Education Foundation, grant from 51-10
certain forex realisation gains 775-20

[ franchise fees windfall tax] (Repealed by No 66 of 2003)

[ Government co-contributions] (Repealed by No 15 of 2007)

interest
judgment debt, personal injury 51-57

non-cash benefits
business benefit 23L(2)
exempt fringe benefit 23L(1A)

prizes
Prime Minister ' s Prize for Australian History 51-60
Prime Minister ' s Prize for Science 51-60
Prime Minister ' s Literary Awards 51-60

[ sugar industry exit grants] (Repealed by No 38 of 2008)

superannuation
benefits from non-complying funds 305-5

Detailed history notes are not provided for individual amendments to s 11-10, as this section operates as a guide only. The following paragraph lists the amending Acts that have affected s 11-10.

S 11-10 amended by No 136 of 2010 , No 15 of 2009 , No 38 of 2008, No 32 of 2008 , No 164 of 2007 , No 143 of 2007 , No 15 of 2007, No 20 of 2004, No 111 of 2003, No 66 of 2003, No 136 of 2002, No 58 of 2000, No 23 of 1998, No 134 and No 121 of 1997.

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