INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 410 - Copyright collecting societies  

SECTION 410-1   Application of section 51-43 of the Income Tax Assessment Act 1997  

410-1(1)  


A copyright collecting society to which section 51-43 of the Income Tax Assessment Act 1997 applies, may elect that, from 1 July 2004, the section apply to all ordinary income, and statutory income, collected or derived by the society on or after 1 July 2004.

410-1(2)  
A society makes a valid election if:


(a) the election is in writing; and


(b) the election is given to the Commissioner within 28 days after the day on which this section commences.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.