Limits on application of section 26

Item

Paragraph of section 26

What the paragraph does not apply to

Provision of Income Tax Assessment Act 1997 that applies instead

1

26(eb)

Amount paid in the 1997-98 year of income or a later year of income (regardless of when the agreement, arrangement or understanding that was the basis for the payment was entered into)

section 15-3

2

26(ec)

Amount received in the 1997-98 year of income or a later year of income (regardless of when the leave accrued that the amount relates to)

section 15-5

3

26(f)

Amount received in the 1997-98 year of income or a later year of income

section 15-20

4

26(g)

Bounty or subsidy received in the 1997-98 year of income or a later year of income

section 15-10

5

26(h)

Amount received in the 1997-98 year of income or a later year of income

section 6-5

6

26(j)

Amount received in the 1997-98 year of income or a later year of income (regardless of when the loss occurred, or the loss or outgoing was incurred, that led to payment of the amount)

· section 15-30 (for loss of assessable income)

· Subdivision 20-A (for deductible loss or outgoing)

· section 70-115 (for loss of trading stock)

7

26(ja)

Amount received in the 1997-98 year of income or a later year of income

none

8

26(jb)

Amount of interest paid or applied in the 1997-98 year of income or a later year of income (regardless of when the interest became payable)

section 15-35

9

26(k)

Amount received in the 1997-98 year of income or a later year of income (regardless of when the loss occurred)

Subdivision 20-A

10

26(l)

Amount received in the 1997-98 year of income or a later year of income

section 15-25