Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 394 - Forestry managed investment schemes  

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History

Div 394 inserted by No 79 of 2007 , s 3 and Sch 8 item 2, applicable to amounts paid by a participant under a forestry managed investment scheme on or after 1 July 2007. However, the amendment does not apply if any other amounts were paid by the participant or any other participant under the scheme before 1 July 2007.

SECTION 394-40  

394-40   Payments under forestry managed investment scheme  

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For the purposes of this Division, do not treat the following payments as payments under a *forestry managed investment scheme by a *participant in the scheme:

(a) payments for *borrowing money;

(b) payments of interest and payments in the nature of interest;

(c) payments of stamp duty;

(d) payments of *GST;

(e) payments that relate to one or more of the matters mentioned in paragraphs 394-45(4)(a), (b) or (c) .

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History

S 394-40 inserted by No 79 of 2007 , s 3 and Sch 8 item 2, applicable to amounts paid by a participant under a forestry managed investment scheme on or after 1 July 2007. However, the amendment does not apply if any other amounts were paid by the participant or any other participant under the scheme before 1 July 2007.

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