INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Below is material repealed as inoperative in s 102AAB by No 101 of 2006.
basic statutory interest rate
, in relation to a year of income, means such annual rate or rates of interest as are provided for by section 214A , for the year of income or for periods included in the year of income, as the case may be.
(a) any of sections 54 to 62 of Division 3 of Part III of this Act, any provision of Divisions 10 , 10AAA , 10AA , 10A , 10C and 10D of that Part; or
(b) any provision of:
(ii) the former Division 42 of that Act (other than Subdivisions 42-L and 42-M); or
(iii) the former Subdivision 330-A, 330-C, 330-H or 387-G of that Act; or
(c) any provision of Division 43 of the Income Tax Assessment Act 1997 .
pre-franking rebate tax
, in relation to a taxpayer, in relation to a year of income, means the tax that would be payable by the taxpayer in respect of income of the year of income if the taxpayer were not entitled to a rebate under Part IIIAA .