S 23E repealed by No 47 of 2016, s 3 and Sch 6 item 8, applicable in respect of securities issued on or after 6 May 2016. For savings provisions, see note under Pt III Div 3 Subdiv
heading. S 23E formerly read:
SECTION 23E REDEMPTION OF SPECIAL BONDS REDEEMABLE AT A PREMIUM
An amount received by a person upon the redemption of a Special Bond, other than a part of that amount paid as accrued interest, is not assessable income and is not exempt income of the person.
S 23E(1) substituted by No 66 of 2003 and a formal amendment by No 108 of 1981.
Subsection (1) does not affect the operation of this Act in relation to the redemption of a Special Bond owned by a person where, if the Special Bond had been sold by that person at the time of the redemption:
the proceeds of the sale would have been included in the assessable income of that person; or
any profit arising from the sale would, disregarding section 26BB, have been included in the assessable income of that person.