INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 700 - Application of Part 3-90 of Income Tax Assessment Act 1997  

SECTION 700-1   Application of Part 3-90 of Income Tax Assessment Act 1997  

700-1(1)  


Part 3-90 of the Income Tax Assessment Act 1997 , as inserted by the New Business Tax System (Consolidation) Act (No. 1) 2002 and amended by:


(a) the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 ; and


(b) the New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 ; and


(c) the New Business Tax System (Consolidation and Other Measures) Act 2003 ; and


(d) the Taxation Laws Amendment Act (No. 6) 2003 ;

applies on and after 1 July 2002.

700-1(2)  


Section 713-50 of the Income Tax Assessment Act 1997 (about factors to consider in determining destination of distribution by non-fixed trust) applies for the purposes of this Part in the same way as it applies for the purposes of Part 3-90 of that Act.

 

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