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 159GZZG   TERMINATION OF PARAGRAPH 23(o) EXEMPTION  

159GZZG(1)   [Where para 23(o) inapplicable]  

Paragraph 23(o) does not apply to income derived after 31 December 1990, unless the income derived consists of a dividend to which subsection 23C(2) applies.

159GZZG(2)   [Reference to end of year of income]  

For the purposes of applying paragraph 23(o) 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 paragraph to the end of the year of income shall be taken to be a reference to the end of 31 December 1990.