INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 16H - Termination of gold mining exemptions  

Subdivision A - Paragraph 23(o), subparagraph 23(pa)(iv) and section 23C  

SECTION 159GZZI   TERMINATION OF EXEMPTION UNDER SECTION 23C  

159GZZI(1)   [Where sec 23C(1) inapplicable]  

Subsection 23C(1) does not apply to income derived after 31 December 1990.

159GZZI(2)   [Reference to last day of year of income]  

For the purposes of applying subsection 23C(1) in accordance with subsection (1) of this section to income derived during the year of income in which 31 December 1990 occurs, the reference in that subsection to the last day of the year of income shall be taken to be a reference to 31 December 1990.