Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

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History

Part 3-90 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Division 716 - Miscellaneous special rules  

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History

Div 716 inserted by No 117 of 2002, s 3 and Sch 1 item 3, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Subdivision 716-A - Assessable income and deductions spread over several membership or non-membership periods  

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History

Subdiv 716-A inserted by No 117 of 2002, s 3 and Sch 1 item 3, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Assessable income and deductions arising from share of net income of a partnership or trust, or from share of partnership loss

SECTION 716-100  

716-100   Spreading period  

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The spreading period for the amount referred to in section 716-75 is made up of each period:

(a) that is all or part of the income year; and

(b) throughout which the entity is a partner in the partnership or a beneficiary of the trust, as appropriate.

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History

S 716-100 inserted by No 117 of 2002, s 3 and Sch 1 item 3, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

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