Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-45 Relationship between this Division and other charging provisions in this Act 832-45(1)
This section applies if an amount is included in the assessable income of an entity under a provision of this Division in relation to a payment.
832-45(2)
An amount in relation to the payment that is to be included in the assessable income of the entity under a provision (other than a provision of this Division) is to be reduced to the extent (if any) necessary to ensure that the total amount included in the entity ' s assessable income in relation to the payment does not exceed the amount of the payment.
Relationship with section 230-20
832-45(3)
This section applies despite section 230-20 (about taxation of financial arrangements).
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