Income Tax Assessment Act 1997

Div 396 repealed by No 41 of 2011, s 3 and Sch 5 item 158, effective 27 June 2011.

Subdiv 396-B repealed by No 41 of 2011, s 3 and Sch 5 item 158, effective 27 June 2011. The guide to Subdiv 396-B formerly read:

Guide to Subdivision 396-B

This Subdivision sets out the interest for which a tax offset can be obtained.

S 396-35 repealed by No 41 of 2011, s 3 and Sch 5 item 158, effective 27 June 2011. S 396-35 formerly read:

SECTION 396-35 Interest covered by land transport facilities borrowings agreement  
396-35(1)
^* LTF interest that is *derived by an entity is covered by a ^* land transport facilities borrowings agreement if:

(a) the entity is a lender under the agreement; and

(b) the LTF interest arises under a ^* borrowing that is covered by the agreement when the interest is derived.

396-35(2)
^* LTF interest that is incurred by an entity is covered by a ^* land transport facilities borrowings agreement if:

(a) the entity is the borrower under the agreement; and

(b) the LTF interest arises under a ^* borrowing that is covered by the agreement at the time that the LTF interest is incurred.

S 396-35 inserted by No 16 of 1998.