Taxation Determination

TD 93/93W

Income tax: will a section 160AB rebate continue to apply to interest derived from State Bank Victoria Deposit Stock issued before 1 November 1968 if the interest is paid by the Commonwealth Bank of Australia?

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Notice of Withdrawal

Taxation Determination TD 93/93 is withdrawn with effect from today.

1. TD 93/93 explains that a rebate under section 160AB of the Income Tax Assessment Act 1936 (ITAA 1936) continues to apply to interest derived from State Bank Victoria Deposit Stock issued before 1 November 1968 if the interest is paid by the Commonwealth Bank of Australia.

2. Section 160AB of the ITAA 1936 was repealed with effect from 14 September 2006 by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.

3. TD 93/93 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
12 April 2017

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References

ATO references:
NO 1-9N72KXS