Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 410 - Copyright collecting societies  

View history reference

 View history note

 Hide history note

History

Div 410 inserted by No 23 of 2005.

SECTION 410-1   Application of section 51-43 of the Income Tax Assessment Act 1997  

View history reference

410-1(1)    

View history reference

A copyright collecting society to which section 51-43 of the Income Tax Assessment Act 1997 applies, may elect that, from 1 July 2004, the section apply to all ordinary income, and statutory income, collected or derived by the society on or after 1 July 2004.

 View history note

 Hide history note

History

S 410-1(1) amended by No 126 of 2009, s 3 and Sch 1 item 18, by substituting " ordinary income, and statutory income, " for " copyright income, and non-copyright income, " , effective 9 June 2010, and applicable to the 2009/10 income year and later income years.

410-1(2)    
A society makes a valid election if:

(a) the election is in writing; and

(b) the election is given to the Commissioner within 28 days after the day on which this section commences.

 View history note

 Hide history note

History

S 410-1 inserted by No 23 of 2005.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.