Income Tax Assessment Act 1997

Div 402 repealed by No 84 of 2013, s 3 and Sch 8 item 32, effective 28 June 2013.

Div 402 inserted by No 42 of 2009, s 3 and Sch 4 item 10, effective 23 June 2009.

Subdiv 402-W repealed by No 84 of 2013, s 3 and Sch 8 item 32, effective 28 June 2013.

Subdiv 402-W inserted by No 42 of 2009, s 3 and Sch 4 item 10, effective 23 June 2009.

S 402-765 repealed by No 84 of 2013, s 3 and Sch 8 item 32, effective 28 June 2013. S 402-765 formerly read:

SECTION 402-765 Amount of urban water tax offset  
402-765(1)
A certificate issued under section 402-760 must specify the amount of the * tax offset.

402-765(2)
In specifying an amount, the * Water Minister must comply with the guidelines made under section 402-780.

402-765(3)
The total of the amounts specified in certificates issued to a company for a stormwater harvesting project for one or more income years:

(a) must not exceed 50 % of the eligible up-front capital costs of the project (within the meaning given by the guidelines made under section 402-780); and

(b) must not exceed $ 20 million.

402-765(4)
The total of the amounts specified in certificates issued to a company for a project (other than a stormwater harvesting project) for one or more income years:

(a) must not exceed 10 % of the eligible up-front capital costs of the project (within the meaning given by the guidelines made under section 402-780); and

(b) must not exceed $ 100 million.

402-765(5)
A certificate issued to a company under section 402-760 must explain that the company may apply to the * AAT for review of the amount specified in the certificate (see section 402-775).

S 402-765 inserted by No 42 of 2009 , s 3 and Sch 4 item 10, effective 23 June 2009.