INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 2 - Income  

Subdivision A - Assessable income generally  

SECTION 25B  

25B   LIMITS ON APPLICATION OF SECTION 26  
A paragraph of section 26 does not apply to what is shown in the following table.

Note:

The last column of the table shows the provision of the Income Tax Assessment Act 1997 that applies instead.

Limits on application of section 26
Item	Paragraph of section 26	What the paragraph does not apply to	Provision of Income Tax Assessment Act 1997 that applies instead
1	26(eb)	Amount paid in the 1997 - 98 year of income or a later year of income (regardless of when the agreement, arrangement or understanding that was the basis for the payment was entered into)	section 15-3
.
2	26(ec)	Amount received in the 1997 - 98 year of income or a later year of income (regardless of when the leave accrued that the amount relates to)	section 15-5
.
3	26(f)	Amount received in the 1997 - 98 year of income or a later year of income	section 15-20
.
4	26(g)	Bounty or subsidy received in the 1997 - 98 year of income or a later year of income	section 15-10
.
5	26(h)	Amount received in the 1997 - 98 year of income or a later year of income	section 6-5
.
			•	section 15-30 (for loss of assessable income)
.
			•	Subdivision 20-A (for deductible loss or outgoing)
6	26(j)	Amount received in the 1997 - 98 year of income or a later year of income (regardless of when the loss occurred, or the loss or outgoing was incurred, that led to payment of the amount)	•	section 70-115 (for loss of trading stock)
.
7	26(ja)	Amount received in the 1997 - 98 year of income or a later year of income	none
.
8	26(jb)	Amount of interest paid or applied in the 1997 - 98 year of income or a later year of income (regardless of when the interest became payable)	section 15-35
.
9	26(k)	Amount received in the 1997 - 98 year of income or a later year of income (regardless of when the loss occurred)	Subdivision 20-A
.
10	26(l)	Amount received in the 1997 - 98 year of income or a later year of income	section 15-25