S 299CA repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years. S 299CA formerly read:
SECTION 299CA TAXABLE INCOME IN CERTAIN CASES
If, apart from this section:
the taxable income of an RSA provider is less than the RSA amount; or
the RSA provider has no taxable income;
the RSA provider is taken to have both a taxable income and a tax loss in relation to the year of income; and
the taxable income is taken to equal the RSA amount; and
the tax loss is taken to be the amount that would have been the RSA provider's tax loss if the RSA amount were not income derived.