Income Tax Assessment Act 1997
The following amounts are exempt from income tax:
(a) an amount of interest paid under paragraph 69(7AA)(b) of the Banking Act 1959 ;
An amount of interest paid under paragraph 69(7AA)(a) of the Banking Act 1959 is not ordinary income or statutory income.
(b) an amount of interest paid under subsection 1341(3A) of the Corporations Act 2001 ;
(c) - (d) (Repealed by No 70 of 2015)
(e) an amount of interest paid under paragraph 216(7A)(b) of the Life Insurance Act 1995 .
An amount of interest paid under paragraph 216(7A)(a) of the Life Insurance Act 1995 is not ordinary income or statutory income.
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