Tax Law Improvement Act 1997 (121 of 1997)
Schedule 3 Exempt income
Part 3 Consequential amendment of the Income Tax Assessment Act 1936
31 After section 22
Insert:
22A Limits on application of certain exempt income provisions
A provision of this Act set out in the second column of the table does not apply to an assessment for the 1997-98 year of income or a later year of income.
Note: The last column of the table shows the provision of the Income Tax Assessment Act 1997 that applies instead.
|
Old exempt income provisions that no longer apply |
||
|
|
|
Corresponding provision of the Income Tax Assessment Act 1997 |
|
1 |
Subparagraph 23(a)(i) |
section 51-15 |
|
2 |
Paragraph 23(d) |
section 50-25 |
|
3 |
Paragraph 23(e) |
items 1.1, 1.2, 1.3 and 1.4 of the table in section 50-5 |
|
4 |
Paragraph 23(ea) |
items 6.1 and 6.2 of the table in section 50-30 |
|
5 |
Paragraph 23(eb) |
item 6.3 of the table in section 50-30 |
|
6 |
Paragraph 23(f) |
section 50-15 |
|
7 |
Paragraph 23(g) |
item 1.7 of the table in section 50-5; sections 50-10 and 50-20; and items 9.1 and 9.2 of the table in section 50-45 |
|
8 |
Paragraph 23(h) |
section 50-40 |
|
9 |
Paragraph 23(j) |
items 1.5 and 1.6 of the table in section 50-5 |
|
10 |
Paragraph 23(jc) |
item 2.2 of the table in section 51-10 |
|
11 |
Paragraph 23(je) |
item 7.1 of the table in section 50-35 |
|
12 |
Paragraph 23(jf) |
item 7.2 of the table in section 50-35 |
|
13 |
Paragraph 23(k) |
item 9.3 of the table in section 50-45 |
|
14 |
Paragraph 23(kba) |
item 5.3 of the table in section 51-30 |
|
15 |
Paragraph 23(ke) |
item 5.2 of the table in section 51-30 |
|
16 |
Paragraph 23(l) |
item 5.1 of the table in section 51-30 |
|
17 |
Paragraph 23(s) |
item 1.4 of the table in section 51-5 |
|
18 |
Paragraph 23(sa) |
item 1.3 of the table in section 51-5 |
|
19 |
Paragraph 23(t) |
items 1.1 and 1.2 of the table in section 51-5 |
|
20 |
Paragraph 23(za) |
item 2.1 of the table in section 51-10 |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
