Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 380 - National Rental Affordability Scheme  

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History

Div 380 inserted by No 130 of 2008, s 3 and Sch 1 item 7, applicable to assessments for the 2008-09 income year and later income years.

Former Div 380 repealed by No 77 of 2001 and inserted by No 54 of 1999.

Guide to Division 380  

SECTION 380-1   What this Division is about  

This Division provides a tax offset to certain entities as a result of certificates issued under the National Rental Affordability Scheme Act 2008 .

It also ensures that payments made, and non-cash benefits provided, by a State or Territory governmental body in relation to the National Rental Affordability Scheme are not assessable income and not exempt income.

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History

S 380-1 inserted by No 130 of 2008, s 3 and Sch 1 item 7, applicable to assessments for the 2008-09 income year and later income years.

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