Income Tax Assessment Act 1936

Div 14 repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years.

Div 14 inserted by No 208 of 1992.

Former Div 14 (s 137-140) repealed by No 126 of 1977.

Subdiv D repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years.

S 140U repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140U formerly read:

SECTION 140U INTERIM DETERMINATION MAY BE MADE ON CERTAIN ASSUMPTIONS  
140U
In making an interim determination:

(a) if the Commissioner does not know:

(i) whether a reversion applies to a superannuation pension payable to a person; or

(ii) the level of a reversion that applies to a superannuation pension payable to a person;

the Commissioner is to assume that a reversion of 85% applies to the pension; and

(b) if the Commissioner does not know the rate (if any) at which a superannuation pension is indexed - the Commissioner is to assume that the pension is indexed in a year at the standard indexation rate determined under section 140V ; and

(c) if the Commissioner does not know whether a superannuation pension is a rebatable superannuation pension - the Commissioner is to assume that it is; and

(d) if the Commissioner does not know whether a benefit has been, or is being, paid as a result of the death of another person - the Commissioner is to assume that it has not been, or is not being, so paid; and

(e) if the Commissioner does not know whether a superannuation pension or annuity meets the pension and annuity standards - the Commissioner is to assume that it does not; and

(f) if the Commissioner does not know whether an ETP is made as a result of the commutation of, or the residual capital value of, a superannuation pension or annuity that had commenced to be paid - the Commissioner is to assume that it is not; and

(g) if the Commissioner does not know whether a superannuation pension or an annuity payable to a person as the result of the death of another person is payable as a reversion of another superannuation pension or annuity that was already payable to the other person - the Commissioner is to assume that it is not; and

(h) if the Commissioner does not know if a superannuation pension is payable for life - the Commissioner is to assume that it is.

S 140U inserted by No 208 of 1992.