Income Tax Assessment Act 1936

Div 18 repealed by No 143 of 2007 , s 3 and Sch 1 item 64, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s 559A .

Div 18 substituted by No 51 of 1986.

Div 18 amended by No 108 of 1981, No 87 of 1978, No 117 and No 80 of 1975, No 126 of 1974, No 164 and No 51 of 1973, No 47 of 1972, No 85 and No 76 of 1967, No 50 of 1966, No 143 of 1965, No 110 of 1964 and No 94 of 1961.

S 160AFF repealed by No 143 of 2007 , s 3 and Sch 1 item 64, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s 559A . S 160AFF formerly read:

SECTION 160AFF TAX-SPARING  
160AFF(1)
For the purposes of providing incentives to residents of Australia to invest in a particular foreign country, the regulations may provide that section 6AC and this Division apply in relation to income derived from sources in that country subject to such modifications as are specified in the regulations.

160AFF(2)
Regulations made by virtue of this section in relation to a particular country shall be reviewed by the Minister at the end of each consecutive period of 5 years after their commencement.

160AFF(3)
In this section, ``modifications'' includes additions, omissions and substitutions.

160AFF(4)
Regulations made by virtue of this section after 1 July 1987 may be expressed to take effect from a day earlier than the day on which they are made, but shall not be expressed to take effect from a day earlier than the first day of the year of income commencing on 1 July 1987.

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History

S 160AFF(4) amended by No 107 of 1989.