Income Tax (Consequential Amendments) Act 1997 (39 of 1997)

Schedule 1   Consequential amendments of the Income Tax Assessment Act 1936

2   Subsection 6(1) (definitions of assessable income, exempt income, income tax or tax, taxable income and this Act)

Repeal the definitions, substitute:

assessable income has the meaning given by Division 6 of the Income Tax Assessment Act 1997.

exempt income has the meaning given by section 6-20 of the Income Tax Assessment Act 1997.

income tax or tax means income tax imposed as such by any Act, as assessed under this Act.

taxable income has the same meaning as in the Income Tax Assessment Act 1997.

this Act includes:

(a) the Income Tax Assessment Act 1997; and

(b) Part IVC of the Taxation Administration Act 1953, so far as that Part relates to this Act or the Income Tax Assessment Act 1997.

Note: Subsection (1AA) of this section prevents definitions in the Income Tax Assessment Act 1936 from affecting the interpretation of the Income Tax Assessment Act 1997.