Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 10E - PDFs (pooled development funds)  

Subdivision C - Adjustments of the tax treatment of capital gains and capital losses of PDFs  

SECTION 124ZX   124ZX   COMPANIES TO WHICH THIS SUBDIVISION APPLIES  

This Subdivision applies to a company in relation to a year of income if:

(a) the company is a PDF throughout the year of income; or

(b) the company becomes a PDF during the year of income and is still a PDF at the end of the year of income.