Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. No 114 of 2010, Sch 1 item 95 contains the following saving provisions:

95 Saving of regulations relating to stock exchanges  
95
Despite the repeal of the definition of approved stock exchange in section 470 of the Income Tax Assessment Act 1936 by item 37 of this Schedule, regulations made for the purposes of that definition that were in force immediately before this item commences continue in force on and after that commencement as if those regulations had been made for the purposes of the definition of approved stock exchange in the Income Tax Assessment Act 1997 as inserted by item 81 of this Schedule. 96 Saving of elections relating to foreign hybrids  
96
Despite the repeal of subsection 485AA(1) of the Income Tax Assessment Act 1936 by item 37 of this Schedule, elections made under that subsection continue to have effect on and after the commencement of this Schedule as if that repeal had not happened.

Part XI inserted by No 190 of 1992.

Div 18 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading.

Subdiv D repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading.

S 575 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading. S 575 formerly read:

SECTION 575 APPLICATION  
575(1)
Sections 576 to 579 apply if a FIF ( ``the first tier FIF'' ) had an interest in another FIF ( ``the second tier FIF'' ) or in a FLP during the whole or the part of the notional accounting period of the second tier FIF or of the FLP that ended in the relevant period.
575(2)
For the purposes of the application of the sections referred to in subsection (1), it is to be assumed that:

(a) the relevant period was a year of income; and

(b) the first tier FIF was a taxpayer that was a resident in relation to that year of income; and

(c) Divisions 2 to 7 and 9 to 15 were disregarded; and

(d) references in this Part to assessable income were references to notional income.

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History

S 575(2) amended by No 93 of 1999.

S 575 inserted by No 190 of 1992.