Part XI repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. No 114 of 2010, Sch 1 item 95 contains the following saving provisions:

95 Saving of regulations relating to stock exchanges  
95
Despite the repeal of the definition of approved stock exchange in section 470 of the Income Tax Assessment Act 1936 by item 37 of this Schedule, regulations made for the purposes of that definition that were in force immediately before this item commences continue in force on and after that commencement as if those regulations had been made for the purposes of the definition of approved stock exchange in the Income Tax Assessment Act 1997 as inserted by item 81 of this Schedule. 96 Saving of elections relating to foreign hybrids  
96
Despite the repeal of subsection 485AA(1) of the Income Tax Assessment Act 1936 by item 37 of this Schedule, elections made under that subsection continue to have effect on and after the commencement of this Schedule as if that repeal had not happened.

Part XI inserted by No 190 of 1992.

Div 18 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading.

Subdiv E repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading.

S 590 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part XI heading. S 590 formerly read:

SECTION 590 VALUE AT START OF RELEVANT PERIOD (BEING LATER THAN 1 JANUARY 1993)  
590
The value of the FLP on the relevant day is to be determined as follows:

(a) first, ascertain the value, as previously determined under this Subdivision, of the FLP at the beginning of the notional accounting period that immediately preceded the relevant period;

(b) secondly, add so much of the foreign investment fund income determined in relation to the taxpayer in respect of the immediately preceding period as was attributable to the FLP;

(c) thirdly, add the amount of any premium or instalment of premium (excluding the first premium or an instalment of the first premium) paid by the taxpayer in respect of the FLP in the immediately preceding period;

(d) fourthly, deduct the amount or value of any distributions made to the taxpayer during the immediately preceding period in relation to the FLP.

S 590 inserted by No 190 of 1992.