Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 245 - Forgiveness of commercial debts  

Subdivision 245-E - Application of net forgiven amounts  

General operative provisions

SECTION 245-100  

245-100   Subdivision not to apply to calculation of attributable income  

This Subdivision does not apply to the calculation of:

(a) attributable income of a non-resident trust estate within the meaning of section 102AAB of the Income Tax Assessment Act 1936 ; or

(b) *attributable income of a *CFC.