Income Tax Assessment Act 1936

SCHEDULE 2D - TAX EXEMPT ENTITIES THAT BECOME TAXABLE  

View history reference

Division 57 - Tax exempt entities that become taxable  

View history reference

 View history note

 Hide history note

History

Div 57 inserted by No 78 of 1996.

Subdivision 57-J - Capital allowances and certain other deductions  

 View history note

 Hide history note

History

Subdiv 57-J inserted by No 78 of 1996.

SECTION 57-90  

57-90   POST-TRANSITION DEDUCTIONS - ASSUME THAT THE TRANSITION TAXPAYER HAD NEVER BEEN EXEMPT  

View history reference

In working out the transition taxpayer ' s allowable deductions under a modified deduction rule for the transition year or a later year of income, assume that the modified deduction rule had applied at all times before the transition time as if the transition taxpayer ' s income had never been exempt from income tax.

 View history note

 Hide history note

History

S 57-90 amended by No 101 of 2006 , s 3 and Sch 2 item 511, by omitting " or the corresponding deduction provision " after " deduction rule " , effective 14 September 2006. For application and savings provisions see the CCH Australian Income Tax Legislation archive .

S 57-90 inserted by No 78 of 1996 and amended by No 16 of 1998.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.