Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 10   Technical corrections and amendments

Part 1   Technical corrections and amendments commencing on Royal Assent

Income Tax Assessment Act 1997

40   Section 12-5 (table item headed "interest")

Repeal the item, substitute:

interest

 

convertible notes, interest on, generally

82L to 82T

foreign residents, debt creation involving, generally

159GZY to 159GZZF

foreign residents, delayed deduction for interest paid to until withholding tax payable has been paid


26-25

life assurance premiums, interest etc. on loans to finance, no deduction for

67AAA

superannuation contributions, interest etc. on loans to finance, no deduction for


67AAA

underpayment or late payment of tax, interest for

25-5

see also infrastructure borrowings