Income Tax Assessment Act 1997

s 1-1 — Short title

This Act may be cited as the Income Tax Assessment Act 1997 .

s 1-2 — Commencement

This Act commences on 1 July 1997.

s 1-3 — Differences in style not to affect meaning

(1) This Act contains provisions of the Income Tax Assessment Act 1936 in a rewritten form. (2) If: (a) that Act expressed an idea in a particular form of words; and (b) this Act appears to have expressed the same idea in a different form of words in order to use a clearer or simpler style; the ideas are not to be taken to be different just because different forms of words were used. Note: A public or private ruling about a provision of the Income Tax Assessment Act 1936 is taken also to be a ruling about the corresponding provision of this Act, so far as the 2 provisions express the same ideas: see section 357 ‑ 85 in Schedule 1 to the Taxation Administration Act 1953 .

Amendment history: Amended by No 161 of 2005, effective Schedule 1 (item 26) and Schedule 2 (items 6–14, 32): Royal Assent

s 1-4 — Application

This Act extends to every external Territory referred to in the definition of Australia .

Amendment history: Inserted by No 2 of 2015, effective Sch 2 (items 1, 73, 111) and Sch 4 (items 1–8, 79): 25 Feb 2015 (s 2(1) items 3, 5, 6) Sch 2 (items 29–33): 1 July 2015 (s 2(1) item 4)

s 1-7 — Administration of this Act

The Commissioner has the general administration of this Act. Note: An effect of this provision is that people who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953 .

Amendment history: Inserted by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5) | Amended by No 145 of 2010, effective Schedule 2 (items 34–51) and Schedule 3 (items 7–15): 17 Dec 2010

s 2-1 — The design

This Act is designed to help you identify accurately and quickly the provisions that are relevant to your purpose in reading the income tax law. The Act contains tables, diagrams and signposts to help you navigate your way. You can start at Division 3 (What this Act is about) and follow the signposts as far into the Act as you need to go. You may also encounter signposts to several areas of the law that are relevant to you. Each one should be followed. Sometimes they will lead down through several levels of detail. At each successive level, the rules are structured in a similar way. They will often be preceded by a Guide to the rules at that level. The rules themselves will usually deal first with the general or most common case and then with the more particular or special cases.

s 2-5 — The pyramid

This Act is arranged in a way that reflects the principle of moving from the general case to the particular. In this respect, the conceptual structure of the Act is something like a pyramid. The pyramid shape illustrates the way the income tax law is organised, moving down from the central or core provisions at the top of the pyramid, to general rules of wide application and then to the more specialised topics. Note: The Taxation Administration Act 1953 contains the provisions on collection and recovery of tax and provisions on administration.

Amendment history: Amended by No 58 of 2006, effective s. 4, Schedules 1, 2, Schedule 3 (items 1–3, 7), Schedule 4, Schedule 5 (items 1–3) and Schedule 7 (items 51–113, 213–216, 257–263): Royal Assent Sch 7 (items 179–188): 1 July 2004 (s 2(1) item 15) Sch 7 (item 189): 5 July 1999 (s 2(1) item 16) Sch 7 (item 190): 30 June 2000 (s 2(1) item 17) Sch 7 (item 191): 24 Oct 2002 (s 2(1) item 18) Sch 7 (item 192): 30 June 2004 (s 2(1) item 19) Sch 7 (item 193): 22 Dec 1999 (s 2(1) item 20)

s 2-10 — When defined terms are identified

(1) Many of the terms used in the income tax law are defined. (2) Most defined terms in this Act are identified by an asterisk appearing at the start of the term: as in “ * business”. The footnote that goes with the asterisk contains a signpost to the Dictionary definitions starting at section 995 ‑ 1.

s 2-15 — When terms are not identified

(1) Once a defined term has been identified by an asterisk, later occurrences of the term in the same subsection are not usually asterisked. (2) Terms are not asterisked in the non ‑ operative material contained in this Act. Note: The non ‑ operative material is described in Subdivision 2 ‑ E. (3) The following basic terms used throughout the Act are not identified with an asterisk. They fall into 2 groups: Key participants in the income tax system Item This term: is defined in: 1. Australian resident section 995 ‑ 1 2. Commissioner section 995 ‑ 1 3. company section 995 ‑ 1 4. entity section 960 ‑ 100 4A. foreign resident section 995 ‑ 1 5. individual section 995 ‑ 1 6. partnership section 995 ‑ 1 7. person section 995 ‑ 1 8. trustee section 995 ‑ 1 9. you section 4 ‑ 5 Core concepts Item This term: is defined in: 1. amount section 995 ‑ 1 2. assessable income Division 6 3. assessment section 995 ‑ 1 3A. Australia Subdivision 960 ‑ T 4. deduct, deduction Division 8 5. income tax section 995 ‑ 1 6. income year section 995 ‑ 1 7. taxable income section 4 ‑ 15 8. this Act section 995 ‑ 1

Amendment history: Amended by No 44 of 2000, effective Sch 3 (item 38), Sch 4 (items 13–16) and Sch 5: 22 Dec 1999 (s 2(1)) | Amended by No 2 of 2015, effective Sch 2 (items 1, 73, 111) and Sch 4 (items 1–8, 79): 25 Feb 2015 (s 2(1) items 3, 5, 6) Sch 2 (items 29–33): 1 July 2015 (s 2(1) item 4)

s 2-20 — Identifying the defined term in a definition

Within a definition, the defined term is identified by bold italics .

s 2-25 — Purposes

Two main purposes of the numbering system in this Act are: To indicate the relationship between units at different levels. For example, the number of Part 2 ‑ 15 indicates that the Part is in Chapter 2. Similarly, the number of section 165 ‑ 70 indicates that the section is in Division 165. To allow for future expansion of the Act. The main technique here is leaving gaps between numbers.

s 2-30 — Gaps in the numbering

There are gaps in the numbering system to allow for the insertion of new Divisions and sections.

Amendment history: Amended by No 121 of 1997, effective s 4: 8 July 1997 (s 2(1)) Sch 1, Sch 2 (items 3–17), Sch 3 (items 3–30), Sch 4 (items 5–62, Sch 5 (items 3–42), Sch 6 (items 3–67), Sch7 (items 2–4), Sch 8 (items 2–31), Sch 9 (items 3–15), Sch 10 (items 2–11), Sch 11 (items 2–36) and Sch 12 (items 1–14): 1 July 1997 (s 2(2), (3), (4) (5)) | Amended by No 54 of 1999, effective 5 July 1999 (s 2(1), (2)) | Repealed and substituted by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16)

s 2-35 — Non ‑ operative material

In addition to the operative provisions themselves, this Act contains other material to help you identify accurately and quickly the provisions that are relevant to you and to help you understand them. This other material falls into 2 main categories.

s 2-40 — Guides

The first is the “Guides”. A Guide consists of sections under a heading indicating that what follows is a Guide to a particular Subdivision, Division etc. Guides form part of this Act but are kept separate from the operative provisions. In interpreting an operative provision, a Guide may only be considered for limited purposes. These are set out in section 950 ‑ 150.

s 2-45 — Other material

The other category consists of material such as notes and examples. These also form part of the Act. They are distinguished by type size from the operative provisions, but are not kept separate from them.

s 3-5 — Annual income tax

(1) Income tax is payable for each year by each individual and company, and by some other entities. Note 1: Individuals who are Australian residents, and some trustees, are also liable to pay Medicare levy for each year. See the Medicare Levy Act 1986 and Part VIIB of the Income Tax Assessment Act 1936 . Note 2: Income tax is imposed by the Income Tax Act 1986 and the other Acts referred to in the definition of income tax in section 995 ‑ 1. (2) Most entities have to pay instalments of income tax before the income tax they actually have to pay can be worked out. (3) This Act answers these questions: 1. What instalments of income tax do you have to pay? When and how do you pay them? See Schedule 1 to the Taxation Administration Act 1953 . 2. How do you work out how much income tax you must pay? See Division 4, starting at section 4 ‑ 1. 3. What happens if your income tax is more than the instalments you have paid? When and how must you pay the rest? See Division 5 of this Act and Part 4 ‑ 15 in Schedule 1 to the Taxation Administration Act 1953 . 4. What happens if your income tax is less than the instalments you have paid? How do you get a refund? See Division 3A of Part IIB of the Taxation Administration Act 1953 . 5. What are your other obligations as a taxpayer, besides paying instalments and the rest of your income tax? See section 3 ‑ 10. 6. Do you have any other obligations under the income tax law? See section 3 ‑ 15. 7. If a dispute between you and the Commissioner of Taxation cannot be settled by agreement, what procedures for objection, review and appeal are available? See Part IVC (sections 14ZL to 14ZZS) of the Taxation Administration Act 1953 .

Amendment history: Amended by No 179 of 1999, effective Sch 7, Sch 8, Sch 16 (items 18, 19, 37) and Sch 18: 22 Dec 1999 (s 2(1), (7)(d), (e)) Sch 11 (items 80–105) and Sch 18 (items 4, 5, 17, 21, 32): 1 July 2000 (s 2(9)(b), (14)) | Amended by No 44 of 2000, effective Sch 3 (item 38), Sch 4 (items 13–16) and Sch 5: 22 Dec 1999 (s 2(1)) | Amended by No 101 of 2006, effective Schedules 3 and 4: 1 Jan 2008 Remainder: Royal Assent | Amended by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4) | Amended by No 41 of 2011, effective Schedule 1 (items 1–3): 1 Jan 2011 Schedule 1 (items 4–6) and Schedule 5 (items 25–29, 33, 36–50, 74–78, 80–145, 148–167, 173–175, 383–396, 400, 414–418): Royal Assent Schedule 5 (items 9, 18–20): 28 June 2011 Schedule 5 (items 51–54): 1 July 2011

s 3-10 — Your other obligations as a taxpayer

(1) Besides paying instalments and the rest of your income tax, your main obligations as a taxpayer are: (a) to keep records and provide information as required by: the Income Tax Assessment Act 1936 ; and Division 900 (which sets out substantiation rules) of this Act; and (b) to lodge income tax returns as required by: the Income Tax Assessment Act 1936 . Tax file numbers (2) Under Part VA of the Income Tax Assessment Act 1936 , a tax file number can be issued to you. You are not obliged to apply for a tax file number. However, if you do not quote one in certain situations: you may become liable for instalments of income tax that would not otherwise have been payable; the amount of certain of your instalments of income tax may be increased.

Amendment history: Amended by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5)

s 3-15 — Your obligations other than as a taxpayer

Your main obligations under the income tax law, other than as a taxpayer are: in certain situations, to deduct from money you owe to another person, and to remit to the Commissioner, instalments of income tax payable by that person. See Part 4 ‑ 5 (Collection of income tax instalments), starting at section 750 ‑ 1.

s 4-1 — Who must pay income tax

Income tax is payable by each individual and company, and by some other entities. Note: The actual amount of income tax payable may be nil. For a list of the entities that must pay income tax, see Division 9, starting at section 9 ‑ 1.

s 4-5 — Meaning of you

If a provision of this Act uses the expression you , it applies to entities generally, unless its application is expressly limited. Note 1: The expression you is not used in provisions that apply only to entities that are not individuals. Note 2: For circumstances in which the identity of an entity that is a managed investment scheme for the purposes of the Corporations Act 2001 is not affected by changes to the scheme, see Subdivision 960 ‑ E of the Income Tax (Transitional Provisions) Act 1997 .

Amendment history: Amended by No 117 of 1999, effective Sch 2 (item 2): 22 Sept 1999 (s 2(1)) | Amended by No 55 of 2001, effective s 4–14 and Sch 3 (items 264–275): 15 July 2001 (s 2(1), (3))

s 4-10 — How to work out how much income tax you must pay

(1) You must pay income tax for each * financial year. (2) Your income tax is worked out by reference to your taxable income for the income year . The income year is the same as the * financial year, except in these cases: (a) for a company, the income year is the previous financial year; (b) if you have an accounting period that is not the same as the financial year, each such accounting period or, for a company, each previous accounting period is an income year. Note 1: The Commissioner can allow you to adopt an accounting period ending on a day other than 30 June. See section 18 of the Income Tax Assessment Act 1936 . Note 2: An accounting period ends, and a new accounting period starts, when a partnership becomes, or ceases to be, a VCLP, an ESVCLP, an AFOF or a VCMP. See section 18A of the Income Tax Assessment Act 1936 . (3) Work out your income tax for the * financial year as follows: Method statement Step 1. Work out your taxable income for the income year. To do this, see section 4 ‑ 15. Step 2. Work out your basic income tax liability on your taxable income using: (a) the income tax rate or rates that apply to you for the income year; and (b) any special provisions that apply to working out that liability. See the Income Tax Rates Act 1986 and section 4 ‑ 25. Step 3. Work out your tax offsets for the income year. A tax offset reduces the amount of income tax you have to pay. For the list of tax offsets, see section 13 ‑ 1. Step 4. Subtract your * tax offsets from your basic income tax liability. The result is how much income tax you owe for the * financial year. Note 1: Division 63 explains what happens if your tax offsets exceed your basic income tax liability. How the excess is treated depends on the type of tax offset. Note 2: Section 4 ‑ 11 of the Income Tax (Transitional Provisions) Act 1997 (which is about the temporary budget repair levy) may increase the amount of income tax worked out under this section. Income tax worked out on another basis (4) For some entities, some or all of their income tax for the * financial year is worked out by reference to something other than taxable income for the income year. See section 9 ‑ 5.

Amendment history: Amended by No 46 of 1998, effective s 4, Sch 1, Sch 2 (items 4–48), Sch 3 (items 3–12), Sch 4 (items 2–11), Sch 5 (items 3–5), Sch 6 (items 2–7), Sch 7 (items 2–11), Sch 9 (items 2–6, 8) and Sch 10: 22 June 1998 (s 2(1)–(4)) | Amended by No 91 of 1998, effective Sch 1 (items 1–13, 19): 14 July 1998 (s 2(1)) | Amended by No 128 of 1998, effective 21 Dec 1998 | Amended by No 58 of 2000, effective s 4, Sch 2 (items 2–4(2)), Sch 5, Sch 6 (items 1–13, 17, 18, 20–32, 34), Sch 9 and Sch 10 (items 12–17(3)–(6), 31–38(3)–(7)): 31 May 2000 (s 2(1)) Sch 4: 17 Dec 1999 (s 2(8)) Sch 6 (items 14–16): never commenced (s 2(10)) Sch 6 (item 19): 16 July 1999 (s 2(11)) Sch 8 (item 19): 1 July 1998 (s 2(13)) | Amended by No 79 of 2000, effective s 4: 30 June 2000 (s 2(1)) Sch 1 (items 3, 4(2)), Sch 2 (items 1–7) and Sch 6 (items 1–11, 15): 1 July 2000 (s 2(2)) | Amended by No 136 of 2002, effective Sch 1 (items 1, 5): 31 May 2000 (s 2(1) items 2, 4) Sch 1 (items 2–4, 6–27), Sch 2 (items 18–28), Sch 3 (items 2–18) and Sch 4 (items 1, 2): 19 Dec 2002 (s 2(1) items 3, 5, 6) | Amended by No 142 of 2003, effective s 4, Sch 1 (items 1–15, 18–40), Sch 2 (items 1, 2, 4–29, 33–49, 52, 53), Sch 3, Sch 7 (items 1–23) and Sch 8 (items 4–17, 17A, 17B, 18–21, 24(2), (3)): 17 Dec 2003 (s 2(1) items 1–5, 10, 11, 13) | Amended by No 58 of 2006, effective s. 4, Schedules 1, 2, Schedule 3 (items 1–3, 7), Schedule 4, Schedule 5 (items 1–3) and Schedule 7 (items 51–113, 213–216, 257–263): Royal Assent Sch 7 (items 179–188): 1 July 2004 (s 2(1) item 15) Sch 7 (item 189): 5 July 1999 (s 2(1) item 16) Sch 7 (item 190): 30 June 2000 (s 2(1) item 17) Sch 7 (item 191): 24 Oct 2002 (s 2(1) item 18) Sch 7 (item 192): 30 June 2004 (s 2(1) item 19) Sch 7 (item 193): 22 Dec 1999 (s 2(1) item 20) | Amended by No 78 of 2007, effective Schedule 7 (items 2–14): 1 July 2005 Schedule 8 (items 350–353): 19 Dec 2002 (s 2(1) item 7) Remainder: Royal Assent | Amended by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5) | Amended by No 16 of 2011, effective Sch 1 (items 1, 2): 12 Apr 2011 (s 2(1) item 2) Sch 2 (items 1, 2): 1 July 2016 (s 2(1) item 3) | Amended by No 136 of 2012, effective Sch 7 (items 7–9): 22 Sept 2012 (s 2(1) item 37) | Amended by No 48 of 2014, effective Sch 1 (item 1): 25 June 2014 (s 2(1) item 2)

s 4-15 — How to work out your taxable income

(1) Work out your taxable income for the income year like this: Method statement Step 1. Add up all your assessable income for the income year. To find out about your assessable income, see Division 6. Step 2. Add up your deductions for the income year. To find out what you can deduct, see Division 8. Step 3. Subtract your deductions from your assessable income (unless they exceed it). The result is your taxable income. (If the deductions equal or exceed the assessable income, you don’t have a taxable income.) Note: If the deductions exceed the assessable income, you may have a tax loss which you may be able to utilise in that or a later income year: see Division 36. (2) There are cases where taxable income is worked out in a special way: Item For this case ... See: 1. A company does not maintain continuity of ownership and control during the income year and does not satisfy the business continuity test Subdivision 165 ‑ B 1B. An entity is a * member of a * consolidated group at any time in the income year Part 3 ‑ 90 2. A company becomes a PDF (pooled development fund) during the income year, and the PDF component for the income year is a nil amount section 124ZTA of the Income Tax Assessment Act 1936 3. A shipowner or charterer:  has its principal place of business outside Australia; and  carries passengers, freight or mail shipped in Australia section 129 of the Income Tax Assessment Act 1936 4. An insurer who is a foreign resident enters into insurance contracts connected with Australia sections 142 and 143 of the Income Tax Assessment Act 1936 5. The Commissioner makes a default or special assessment of taxable income sections 167 and 168 of the Income Tax Assessment Act 1936 6. The Commissioner makes a determination of the amount of taxable income to prevent double taxation in certain treaty cases section 24 of the International Tax Agreements Act 1953 Note: A life insurance company can have a taxable income of the complying superannuation class and/or a taxable income of the ordinary class for the purposes of working out its income tax for an income year: see Subdivision 320 ‑ D.

Amendment history: Amended by No 78 of 2001, effective Sch 1 and 2: 30 June 2001 (s 2(1)) | Amended by No 68 of 2002, effective 24 Oct 2002 ( see s. 2) | Amended by No 83 of 2004, effective s 4, Sch 1 (items 116–124), Sch 2 (items 1, 2, 5–8, 10–18, 20–33, 36–50, 52–64, 67–74), Sch 3 (items 4–7), Sch 5 (items 1, 2), Sch 6, Sch 8 (items 9–11), Sch 10 (items 43, 44) and Sch 12: 25 June 2004 (s 2(1) items 1, 12–14, 16, 17, 20, 27, 29, 30) Sch 1 (items 2–79): 30 June 2000 (s 2(1) item 2) Sch 1 (items 85–94): 30 June 2001 (s 2(1) items 3–5) Sch 1 (items 95–99): 24 Oct 2002 (s 2(1) item 6) Sch 1 (item 100): 19 Dec 2002 (s 2(1) item 7) Sch 1 (items 101–104) and Sch 10 (items 23–29, 30–42): 30 June 2003 (s 2(1) items 8, 9, 24–26) Sch 1 (items 105, 106): 17 Dec 2003 (s 2(1) item 10) Sch 10 (items 3–22): 29 June 2002 (s 2(1) item 23) | Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16) | Amended by No 147 of 2005, effective Schedule 1 (items 4–168, 169(2), 170–176), Schedule 2 (items 1, 12–24, 26–28), Schedule 3, Schedule 4 (items 4–12), Schedule 5 (items 13, 14, 20), Schedule 6 (items 1, 2, 10(1)) and Schedule 7 (items 14–16, 20): Royal Assent | Amended by No 80 of 2007, effective 21 June 2007 | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 45 of 2008, effective 26 June 2008 | Amended by No 88 of 2013, effective s 4, Sch 1 (items 1–18), Sch 3 and Sch 7 (items 200–210, 236–242): 28 June 2013 (s 2(1) items 1, 2, 5, 21, 26) Sch 1 (items 33, 34): 1 July 2013 (s 2(1) item 3) Sch 5 (items 1–5, 7–9) and Sch 6 (items 3–41, 50–65): 29 June 2013 (s 2(1) items 8, 9, 14) Sch 7 (items 1–4): 1 July 2012 (s 2(1) item 15) | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 7 of 2019, effective Sch 1 (items 1–13, 33–164): 1 Apr 2019 (s 2(1) item 1)

s 4-25 — Special provisions for working out your basic income tax liability

Subsection 119 ‑ 10(1) or 392 ‑ 35(3) may increase your basic income tax liability beyond the liability worked out simply by applying the income tax rates to your taxable income. Note 1: Subsection 119 ‑ 10(1) increases some individuals’ tax liability by requiring them to pay extra income tax in relation to certain capital gains. Note 2: Subsection 392 ‑ 35(3) increases some primary producers’ tax liability by requiring them to pay extra income tax on their averaging components worked out under Subdivision 392 ‑ C.

Amendment history: Inserted by No 46 of 1998, effective s 4, Sch 1, Sch 2 (items 4–48), Sch 3 (items 3–12), Sch 4 (items 2–11), Sch 5 (items 3–5), Sch 6 (items 2–7), Sch 7 (items 2–11), Sch 9 (items 2–6, 8) and Sch 10: 22 June 1998 (s 2(1)–(4)) | Repealed and substituted by No 93 of 2011, effective Schedule 1, Schedule 3 (items 1–4, 15–42, 54–107) and Schedule 4 (items 1–9): Royal Assent | Repealed and substituted by No 92 of 2020, effective Sch 1 (items 18–21, 24): 15 Oct 2020 (s 2(1) item 4) Sch 1 (items 25–27): 1 July 2022 (s 2(1) item 5) Sch 2 (items 1–3, 16–35), Sch 3 (items 25–36, 40), Sch 4 (items 1–11, 14), Sch 5 (items 11–38, 56) and Sch 7 (items 5–8, 12–25): 1 Jan 2021 (s 2(1) item 7) | Amended by No 49 of 2026, effective sch 1 (items 1-51, 54-59, 64-79A, 82-84), sch 3, sch 4 (items 1-17): 1 July 2026 (s 2(1) items 2-4, 6) sch 2 (items 1-5): 27 June 2026 (s 2(1) item 5)

s 5-1 — What this Division is about

If your assessed income tax liability exceeds the credits available to you under the PAYG system, this Division explains when you must pay the excess to the Commissioner. If your assessment is amended so that you must pay income tax, or pay more income tax than under the previous assessment, this Division explains: (a) when you must pay the additional tax; and (b) when any associated interest charges must be paid. Note: For provisions about the collection and recovery of income tax and other tax ‑ related liabilities, see Part 4 ‑ 15 in Schedule 1 to the Taxation Administration Act 1953 .

Amendment history: Inserted by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4)

s 5-5 — When income tax is payable

Scope (1) This section tells you when income tax you must pay for a * financial year is due and payable. Note: The Commissioner may defer the time at which the income tax is due and payable: see section 255 ‑ 10 in Schedule 1 to the Taxation Administration Act 1953 . (2) The income tax is only due and payable if the Commissioner makes an * assessment of your income tax for the year. (3) However, if the Commissioner does make an * assessment of your income tax for the year, the tax may be taken to have been due and payable at a time before your assessment was made. Note: This is to ensure that general interest charge begins to accrue from the same date for all like entities. General interest charge on unpaid income tax is calculated from when the tax is due and payable, not from when the assessment is made: see section 5 ‑ 15. Original assessments—self ‑ assessment entities (4) If you are a * self ‑ assessment entity, the income tax is due and payable on the first day of the sixth month after the end of the income year. Example: If your income year is the same as the financial year, your income tax would be due and payable on 1 December. Original assessments—other entities (5) If you are not a * self ‑ assessment entity, the income tax is due and payable 21 days after the day (the return day ) on or before which you are required to lodge your * income tax return with the Commissioner. Note: For rules about income tax returns and when they are due, see Part IV of the Income Tax Assessment Act 1936 . (6) However, if you lodge your return on or before the return day and the Commissioner gives you a notice of * assessment (other than an amended assessment) after the return day, the income tax is due and payable 21 days after the Commissioner gives you the notice. Amended assessments (7) If the Commissioner amends your * assessment, any extra income tax resulting from the amendment is due and payable 21 days after the day on which the Commissioner gives you notice of the amended assessment. Note: Shortfall interest charge may be payable, on any amount of extra income tax payable as a result of the amended assessment, for each day in the period that: (a) starts at the time income tax was due and payable on your original assessment; and (b) ends the day before the day on which the Commissioner gives you notice of the amended assessment.

Amendment history: Inserted by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4)

s 5-10 — When shortfall interest charge is payable

An amount of * shortfall interest charge that you are liable to pay is due and payable 21 days after the day on which the Commissioner gives you notice of the charge. Note: Shortfall interest charge is imposed if the Commissioner amends an assessment and the amended assessment results in an increase in some tax payable. For provisions about liability for shortfall interest charge, see Division 280 in Schedule 1 to the Taxation Administration Act 1953 .

Amendment history: Inserted by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4)

s 5-15 — General interest charge payable on unpaid income tax or shortfall interest charge

If an amount of income tax or * shortfall interest charge that you are liable to pay remains unpaid after the time by which it is due to be paid, you are liable to pay the * general interest charge on the unpaid amount for each day in the period that: (a) starts at the beginning of the day on which the amount was due to be paid; and (b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid: (i) the income tax or shortfall interest charge; (ii) general interest charge on any of the income tax or shortfall interest charge. Note 1: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 . Note 2: Shortfall interest charge is worked out under Division 280 in Schedule 1 to that Act.

Amendment history: Inserted by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4)

s 6-1 — Diagram showing relationships among concepts in this Division

(1) Assessable income consists of ordinary income and statutory income. (2) Some ordinary income, and some statutory income, is exempt income. (3) Exempt income is not assessable income. (4) Some ordinary income, and some statutory income, is neither assessable income nor exempt income. For the effect of the GST in working out assessable income, see Division 17. (5) An amount of ordinary income or statutory income can have only one status (that is, assessable income, exempt income or non ‑ assessable non ‑ exempt income) in the hands of a particular entity.

Amendment history: Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 176 of 1999, effective Sch 3: 1 July 2000 (s 2(9)) | Repealed and substituted by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A)

s 6-5 — Income according to ordinary concepts ( ordinary income )

(1) Your assessable income includes income according to ordinary concepts, which is called ordinary income . Note: Some of the provisions about assessable income listed in section 10 ‑ 5 may affect the treatment of ordinary income. (2) If you are an Australian resident, your assessable income includes the * ordinary income you * derived directly or indirectly from all sources, whether in or out of Australia, during the income year. (3) If you are a foreign resident, your assessable income includes: (a) the * ordinary income you * derived directly or indirectly from all * Australian sources during the income year; and (b) other * ordinary income that a provision includes in your assessable income for the income year on some basis other than having an * Australian source. (4) In working out whether you have derived an amount of * ordinary income, and (if so) when you derived it, you are taken to have received the amount as soon as it is applied or dealt with in any way on your behalf or as you direct.

Amendment history: Amended by No 78 of 2001, effective Sch 1 and 2: 30 June 2001 (s 2(1)) | Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16)

s 6-10 — Other assessable income ( statutory income )

(1) Your assessable income also includes some amounts that are not * ordinary income. Note: These are included by provisions about assessable income. For a summary list of these provisions, see section 10 ‑ 5. (2) Amounts that are not * ordinary income, but are included in your assessable income by provisions about assessable income, are called statutory income . Note 1: Although an amount is statutory income because it has been included in assessable income under a provision of this Act, it may be made exempt income or non ‑ assessable non ‑ exempt income under another provision: see sections 6 ‑ 20 and 6 ‑ 23. Note 2: Many provisions in the summary list in section 10 ‑ 5 contain rules about ordinary income. These rules do not change its character as ordinary income. (3) If an amount would be * statutory income apart from the fact that you have not received it, it becomes statutory income as soon as it is applied or dealt with in any way on your behalf or as you direct. (4) If you are an Australian resident, your assessable income includes your * statutory income from all sources, whether in or out of Australia. (5) If you are a foreign resident, your assessable income includes: (a) your * statutory income from all * Australian sources; and (b) other * statutory income that a provision includes in your assessable income on some basis other than having an * Australian source.

Amendment history: Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16) | Amended by No 58 of 2006, effective s. 4, Schedules 1, 2, Schedule 3 (items 1–3, 7), Schedule 4, Schedule 5 (items 1–3) and Schedule 7 (items 51–113, 213–216, 257–263): Royal Assent Sch 7 (items 179–188): 1 July 2004 (s 2(1) item 15) Sch 7 (item 189): 5 July 1999 (s 2(1) item 16) Sch 7 (item 190): 30 June 2000 (s 2(1) item 17) Sch 7 (item 191): 24 Oct 2002 (s 2(1) item 18) Sch 7 (item 192): 30 June 2004 (s 2(1) item 19) Sch 7 (item 193): 22 Dec 1999 (s 2(1) item 20)

s 6-15 — What is not assessable income

(1) If an amount is not * ordinary income, and is not * statutory income, it is not assessable income (so you do not have to pay income tax on it). (2) If an amount is * exempt income, it is not assessable income . Note: If an amount is exempt income, there are other consequences besides it being exempt from income tax. For example: the amount may be taken into account in working out the amount of a tax loss (see section 36 ‑ 10); you cannot deduct as a general deduction a loss or outgoing incurred in deriving the amount (see Division 8); capital gains and losses on assets used solely to produce exempt income are disregarded (see section 118 ‑ 12). (3) If an amount is * non ‑ assessable non ‑ exempt income, it is not assessable income . Note 1: You cannot deduct as a general deduction a loss or outgoing incurred in deriving an amount of non ‑ assessable non ‑ exempt income (see Division 8). Note 2: Capital gains and losses on assets used to produce some types of non ‑ assessable non ‑ exempt income are disregarded (see section 118 ‑ 12).

Amendment history: Amended by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A)

s 6-20 — Exempt income

(1) An amount of * ordinary income or * statutory income is exempt income if it is made exempt from income tax by a provision of this Act or another * Commonwealth law. For summary lists of provisions about exempt income, see sections 11 ‑ 5 and 11 ‑ 15. (2) * Ordinary income is also exempt income to the extent that this Act excludes it (expressly or by implication) from being assessable income. (3) By contrast, an amount of * statutory income is exempt income only if it is made exempt from income tax by a provision of this Act outside this Division or another * Commonwealth law. (4) If an amount of * ordinary income or * statutory income is * non ‑ assessable non ‑ exempt income, it is not exempt income . Note: An amount of non ‑ assessable non ‑ exempt income is not taken into account in working out the amount of a tax loss.

Amendment history: Amended by No 94 of 1999, effective 16 July 1999 (s 2(1)–(3)) | Amended by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A) | Amended by No 12 of 2012, effective s 4, Sch 2 (items 1–23), Sch 5 and Sch 6 (items 3–6, 11–20, 25, 26, 35–67, 74–83, 94–96, 117–142, 157–178, 183, 200–203, 214–217, 235–240, 248): 21 Mar 2012 (s 2(1) items 1, 3, 5, 6, 10, 14, 18, 19, 27, 31) Sch 6 (item 7): 1 July 2007 (s 2(1) item 7) Sch 6 (item 10): 1 July 2010 (s 2(1) item 9) Sch 6 (items 106–116): 22 Mar 2012 (s 2(1) items 16, 17) Sch 6 (item 143): 22 Jan 2013 (s 2(1) item 20) Sch 6 (items 146–148): never commenced (s 2(1) item 23) Sch 6 (items 179, 181): 3 Oct 2008 (s 2(1) items 28, 30) Sch 6 (item 180): 3 June 2010 (s 2(1) item 29)

s 6-23 — Non ‑ assessable non ‑ exempt income

An amount of * ordinary income or * statutory income is non ‑ assessable non ‑ exempt income if a provision of this Act or of another * Commonwealth law states that it is not assessable income and is not * exempt income. Note: Capital gains and losses on assets used to produce some types of non ‑ assessable non ‑ exempt income are disregarded (see section 118 ‑ 12). For a summary list of provisions about non ‑ assessable non ‑ exempt income, see Subdivision 11 ‑ B.

Amendment history: Inserted by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A)

s 6-25 — Relationships among various rules about ordinary income

(1) Sometimes more than one rule includes an amount in your assessable income: the same amount may be * ordinary income and may also be included in your assessable income by one or more provisions about assessable income; or the same amount may be included in your assessable income by more than one provision about assessable income. For a summary list of the provisions about assessable income, see section 10 ‑ 5. However, the amount is included only once in your assessable income for an income year, and is then not included in your assessable income for any other income year. (2) Unless the contrary intention appears, the provisions of this Act (outside this Part) prevail over the rules about * ordinary income. Note: This Act contains some specific provisions about how far the rules about ordinary income prevail over the other provisions of this Act.

s 8-1 — General deductions

(1) You can deduct from your assessable income any loss or outgoing to the extent that: (a) it is incurred in gaining or producing your assessable income; or (b) it is necessarily incurred in carrying on a * business for the purpose of gaining or producing your assessable income. Note: Division 35 prevents losses from non ‑ commercial business activities that may contribute to a tax loss being offset against other assessable income. (2) However, you cannot deduct a loss or outgoing under this section to the extent that: (a) it is a loss or outgoing of capital, or of a capital nature; or (b) it is a loss or outgoing of a private or domestic nature; or (c) it is incurred in relation to gaining or producing your * exempt income or your * non ‑ assessable non ‑ exempt income; or (d) a provision of this Act prevents you from deducting it. For a summary list of provisions about deductions, see section 12 ‑ 5. (3) A loss or outgoing that you can deduct under this section is called a general deduction . For the effect of the GST in working out deductions, see Division 27. Note If you receive an amount as insurance, indemnity or other recoupment of a loss or outgoing that you can deduct under this section, the amount may be included in your assessable income: see Subdivision 20 ‑ A.

Amendment history: Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 176 of 1999, effective Sch 3: 1 July 2000 (s 2(9)) | Amended by No 90 of 2000, effective 30 June 2000 | Amended by No 78 of 2001, effective Sch 1 and 2: 30 June 2001 (s 2(1)) | Amended by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A) | Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16)

s 8-5 — Specific deductions

(1) You can also deduct from your assessable income an amount that a provision of this Act (outside this Division) allows you to deduct. (2) Some provisions of this Act prevent you from deducting an amount that you could otherwise deduct, or limit the amount you can deduct. (3) An amount that you can deduct under a provision of this Act (outside this Division) is called a specific deduction . Note: If you receive an amount as insurance, indemnity or other recoupment of a deductible expense, the amount may be included in your assessable income: see Subdivision 20 ‑ A. For a summary list of provisions about deductions, see section 12 ‑ 5.

s 8-10 — No double deductions

If 2 or more provisions of this Act allow you deductions in respect of the same amount (whether for the same income year or different income years), you can deduct only under the provision that is most appropriate.

s 9-1A — Effect of this Division

This Division is a * Guide.

Amendment history: Inserted by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35)

s 9-1 — List of entities

Income tax is payable by the entities listed in the table. Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 . Item Income tax is payable by this kind of entity: because of this provision: 1 An individual section 4 ‑ 1 2 A company, that is:  a body corporate; or  an unincorporated body (except a partnership) section 4 ‑ 1 3 A company that was a member of a wholly ‑ owned group if a former subsidiary in the group is treated as having disposed of leased plant and does not pay all of the income tax resulting from that treatment section 45 ‑ 25 3A A company that is a corporate collective investment vehicle (CCIV) Subdivision 195 C 3B The trustee of an attribution managed investment trust (AMIT) sections 276 405 to 276 425 4 A superannuation provider in relation to a complying superannuation fund sections 295 ‑ 5 and 295 ‑ 605 5 A superannuation provider in relation to a non ‑ complying superannuation fund sections 295 ‑ 5 and 295 ‑ 605 6 A superannuation provider in relation to a complying approved deposit fund section 295 ‑ 5 7 A superannuation provider in relation to a non ‑ complying approved deposit fund section 295 ‑ 5 8 The trustee of a pooled superannuation trust section 295 ‑ 5 8A A sovereign entity section 880 ‑ 55 9 A corporate limited partnership section 94J 10 A mutual insurance association (as described in section 121) section 121 11 A trustee (except one covered by another item in this table), but only in respect of some kinds of income of the trust sections 98, 99, 99A and 102 13 The trustee of a public trading trust section 102S

Amendment history: Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 169 of 1999, effective Sch 5 (items 1–12): 22 Feb 1999 (s 2(2)) Sch 1 (items 1–13, 18), Sch 2 (items 1–3, 5), Sch 3 (items 1–4, 7), Sch 4 (items 1–15, 19), Sch 6, Sch 7 (item 11), Sch 8, Sch 9 (items 1–14, 23–33) and Sch 10: 10 Dec 1999 (s 2(1)) | Amended by No 9 of 2007, effective Schedule 1 (items 1, 2, 5–17, 24(1)), Schedule 2 (items 1, 2), Schedule 3, Schedule 5 (items 6–8, 36(1)) and Schedule 10: Royal Assent | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 45 of 2008, effective 26 June 2008 | Amended by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5) | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 53 of 2016, effective Sch 1 (item 1), Sch 2, Sch 3 (items 2–4), Sch 4 (items 1–5), Sch 5 (items 2, 29–67, 75), Sch 6 (items 21–34), Sch 8 (item 1) and Sch 9: 5 May 2016 (s 2(1) items 2, 4) | Amended by No 34 of 2019, effective Sch 1 (items 1–5, 12, 13, 16), Sch 2, Sch 4 (items 3–6, 8, 9) and Sch 5 (items 1, 2, 5): 1 July 2019 (s 2(1) items 2, 3) | Amended by No 8 of 2022, effective sch 5 (items 1-4, 8-14): 1 July 2022 (s 2(1) item 4) sch 5 (items 15-19): repealed before commencing (s 2(1) item 5) sch 6 (items 1-22, 24), sch 7, sch 8 (items 33, 34), sch 10: 1 Apr 2022 (s 2(1) items 6-8, 10, 14)

s 9-5 — Entities that work out their income tax by reference to something other than taxable income

(1) For some entities, some or all of their income tax for the * financial year is worked out as described in the table. Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936. Item This kind of entity is liable to pay income tax worked out by reference to: See: 1 A company that was a member of a wholly ‑ owned group is jointly and severally liable to pay an amount of income tax if a former subsidiary in the group is treated as having disposed of leased plant and does not pay all of the income tax resulting from that treatment. section 45 ‑ 25 1A The trustee of an attribution managed investment trust (AMIT) is liable to pay income tax on certain amounts reflecting under attribution of income or over attribution of tax offsets sections 276 405 to 276 425 2 A superannuation provider in relation to a complying superannuation fund is to be assessed and is liable to pay income tax on no ‑ TFN contributions income as well as on taxable income. sections 295 ‑ 5 and 295 ‑ 605 3 A superannuation provider in relation to a non ‑ complying superannuation fund is to be assessed and is liable to pay income tax on no ‑ TFN contributions income as well as on taxable income. sections 295 ‑ 5 and 295 ‑ 605 4 An RSA provider is to be assessed and is liable to pay income tax on no ‑ TFN contributions income as well as on taxable income. sections 295 ‑ 5, 295 ‑ 605 and 320 ‑ 155 5 An Australian resident individual with:  eligible foreign remuneration under section 23AF; or  foreign earnings under section 23AG; (from working in a foreign country) is liable to pay income tax worked out by reference to his or her assessable income less some of his or her deductions. section 23AF or 23AG 6 A trustee covered by item 11 in the table in section 9 ‑ 1 is liable to pay income tax worked out by reference to the net income of the trust for the income year. sections 98, 99 and 99A 8 The trustee of a public trading trust is liable to pay income tax worked out by reference to the net income of the trust for the income year. section 102S 9 An entity that is liable to pay income tax (worked out by reference to taxable income or otherwise) is also liable to pay income tax worked out by reference to diverted income or diverted trust income for the income year. section 121H 10 An Australian insurer that re ‑ insures overseas can elect to pay, as agent for the re ‑ insurer, income tax worked out by reference to the amount of the re ‑ insurance premiums. section 148 (2) For entities covered by an item in the table in subsection (1), the income year is the same as the * financial year, except in these cases: (a) for a company, or an entity covered by item 2 or 3 in the table, the income year is the previous financial year; (b) if an entity has an accounting period that is not the same as the financial year, each such accounting period or, for a company, each previous accounting period is an income year. Note 1: The Commissioner can allow an entity to adopt an accounting period ending on a day other than 30 June. See section 18 of the Income Tax Assessment Act 1936 . Note 2: An accounting period ends, and a new accounting period starts, when a partnership becomes, or ceases to be, a VCLP, an ESVCLP, an AFOF or a VCMP. See section 18A of the Income Tax Assessment Act 1936 .

Amendment history: Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 169 of 1999, effective Sch 5 (items 1–12): 22 Feb 1999 (s 2(2)) Sch 1 (items 1–13, 18), Sch 2 (items 1–3, 5), Sch 3 (items 1–4, 7), Sch 4 (items 1–15, 19), Sch 6, Sch 7 (item 11), Sch 8, Sch 9 (items 1–14, 23–33) and Sch 10: 10 Dec 1999 (s 2(1)) | Amended by No 136 of 2002, effective Sch 1 (items 1, 5): 31 May 2000 (s 2(1) items 2, 4) Sch 1 (items 2–4, 6–27), Sch 2 (items 18–28), Sch 3 (items 2–18) and Sch 4 (items 1, 2): 19 Dec 2002 (s 2(1) items 3, 5, 6) | Amended by No 9 of 2007, effective Schedule 1 (items 1, 2, 5–17, 24(1)), Schedule 2 (items 1, 2), Schedule 3, Schedule 5 (items 6–8, 36(1)) and Schedule 10: Royal Assent | Amended by No 15 of 2007, effective s 4, Sch 1 (items 150–236, 240, 242–260, 406(1)–(3)), Sch 3 (items 8–44, 66) and Sch 4 (items 1–8): 15 Mar 2007 (s 2(1) items 1, 2, 6, 8, 9) Sch 2: 12 Apr 2007 (s 2(1) item 3) | Amended by No 78 of 2007, effective Schedule 7 (items 2–14): 1 July 2005 Schedule 8 (items 350–353): 19 Dec 2002 (s 2(1) item 7) Remainder: Royal Assent | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 93 of 2011, effective Schedule 1, Schedule 3 (items 1–4, 15–42, 54–107) and Schedule 4 (items 1–9): Royal Assent | Amended by No 53 of 2016, effective Sch 1 (item 1), Sch 2, Sch 3 (items 2–4), Sch 4 (items 1–5), Sch 5 (items 2, 29–67, 75), Sch 6 (items 21–34), Sch 8 (item 1) and Sch 9: 5 May 2016 (s 2(1) items 2, 4) | Amended by No 92 of 2020, effective Sch 1 (items 18–21, 24): 15 Oct 2020 (s 2(1) item 4) Sch 1 (items 25–27): 1 July 2022 (s 2(1) item 5) Sch 2 (items 1–3, 16–35), Sch 3 (items 25–36, 40), Sch 4 (items 1–11, 14), Sch 5 (items 11–38, 56) and Sch 7 (items 5–8, 12–25): 1 Jan 2021 (s 2(1) item 7) | Amended by No 8 of 2022, effective sch 5 (items 1-4, 8-14): 1 July 2022 (s 2(1) item 4) sch 5 (items 15-19): repealed before commencing (s 2(1) item 5) sch 6 (items 1-22, 24), sch 7, sch 8 (items 33, 34), sch 10: 1 Apr 2022 (s 2(1) items 6-8, 10, 14)

s 10-1 — Effect of this Division

This Division is a * Guide.

Amendment history: Inserted by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35)

s 10-5 — List of provisions about assessable income

The provisions set out in the table: include in your assessable income amounts that are not * ordinary income; and vary or replace the rules that would otherwise apply for certain kinds of * ordinary income. Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936. Accrued leave transfer payments .................................... 15 ‑ 5 alienated personal services income .................................... 86 ‑ 15 allowances see employment annual leave see leave payments annuities .................................... 27H approved deposit fund (ADFs) see superannuation attributable income see controlled foreign corporations avoidance of tax general ................................. 177F diversion of income ......................... 121H see also transfers of income bad debts see recoupment balancing adjustment see capital allowances , investments , R&D , scientific research and tax exempt entities banking offshore banking unit, deemed interest on payments to by owner 121EK barter transactions .......... .................................. 21, 21A, 15 ‑ 2 beneficiaries see trusts benefits business, non ‑ cash ................... 21A consideration, non ‑ cash ................ 21 meals you provide in an in ‑ house dining facility 32 ‑ 70 see also employment and superannuation bonus shares see shares bounties .......... .................................. 15 ‑ 10 capital allowances excess of termination value over adjustable value generally ......................... 40 ‑ 285 for some cars ...................... 40 ‑ 370 depreciating asset in low ‑ value pool ........ 40 ‑ 445(2) expenditure in software development pool .......... 40 ‑ 460 recovery of petroleum resource rent tax ............ 40 ‑ 750(3) capital gains .................................... 102 ‑ 5 see also insurance car expenses cents per kilometres reimbursement of ............ 15 ‑ 70 carried interests carried interests, not ordinary income ............. 118 ‑ 21 CFCs see controlled foreign corporations charters see shipping child non ‑ trust income of, unearned ............ 102AE trust income of, unearned ..................... 102AG collecting societies payments of royalties by copyright collecting societies .. 15 ‑ 22 payments of royalties by resale royalty collecting society 15 ‑ 23 company see controlled foreign corporations , co ‑ operative company , directors , dividends , liquidation , shareholders and shares compensation live stock or trees, recoveries for loss of ........... 385 ‑ 130 profits or income, insurance or indemnity for loss of .... 15 ‑ 30 received by lessor for lessee’s non ‑ compliance with lease obligation to repair 15 ‑ 25 trading stock, insurance or indemnity for loss of ...... 70 ‑ 115 see also insurance , live stock , recoupment and scientific research consideration see benefits consolidated groups and MEC groups Assets in relation to Division 230 financial arrangement . 701 ‑ 61(3) controlled foreign corporations (CFCs) attributable income of ....................... 456 to 459A see also dividends and taxes co ‑ operative company receipts of ............................... 119 credit union see co ‑ operative company currency gains see foreign exchange currency losses see recoupment death see trusts debt/equity swap see shares and units defence forces allowances and benefits for service as a member of .... 15 ‑ 2 depreciation see capital allowances directors excessive remuneration or retirement payment from company 109 distributions see dividends dividends benefit of LIC capital gain through a trust or partnership . 115 ‑ 280 general ................................. 44(1) distribution from a controlled foreign corporation ..... 47A(1) franked dividends, credits on ................... 207 ‑ 20(1), 207 ‑ 35(1), 207 ‑ 35(3) see also liquidation elections local government, reimbursement of expenses of ...... 25 ‑ 65 see also recoupment electricity connections see recoupment employees see shares employment allowances and benefits in relation to employment or rendering services 15 ‑ 2 employment termination payment ............... 82 ‑ 10 82 ‑ 65 82 ‑ 70 other payments for employment termination ......... 83 ‑ 295 return to work payments ...................... 15 ‑ 3 see accrued leave transfer payments, leave payments , superannuation and sections 82 ‑ 10A and 82 ‑ 10C of the Income Tax (Transitional Provisions) Act 1997 environment see recoupment farm management deposits repayments of ............................ 393 ‑ 10 films Australian, proceeds of investment in ............. 26AG financial arrangements gains from ............................... 230 ‑ 15(1) foreign exchange gains .................................. 775 ‑ 15 see also recoupment foreign income tax deduction for franked distributions Additional Tier 1 capital exception ............... 15 ‑ 80 forestry agreement amount where section 82KZMG of the 1936 Act applies . 15 ‑ 45 CGT event in relation to forestry interest in agreement .. 82KZMGB forestry managed investment schemes forestry manager’s receipts under scheme ........... 15 ‑ 46 CGT event in relation to forestry interest in scheme for initial participant 394 ‑ 25(2) CGT event in relation to forestry interest in scheme for subsequent participant 394 ‑ 30(2) franked dividends see dividends funeral policy benefit under .............................. 15 ‑ 55 general insurance companies and companies that self insure gross premiums ............................ reduction in value of adjusted liability for incurred claims 321 ‑ 45 321 ‑ 10 reduction in value of adjusted liability for remaining coverage 321 ‑ 50 reduction in value of outstanding claims liability ...... 321 ‑ 80 geothermal energy providing geothermal exploration information ....... 15 ‑ 40 grapevines see recoupment horticultural plants see recoupment improvements see leases imputation see dividends indemnity see compensation and recoupment insurance bonuses ................................. 26AH , 15 ‑ 75 company, demutualisation of ................... 121AT life insurance, transfer of contributions by superannuation fund or approved deposit fund to 295 ‑ 260 payments from a non ‑ resident reinsurer in respect of a loss .............................. 148 premiums in respect of Australian business received by non ‑ resident insurers 143 premiums paid to a non ‑ resident for reinsurance 148 premiums paid to mutual insurance association ....... 121 premiums payable to a non ‑ resident for insurance of property in Australia 142(1) premiums payable to a non ‑ resident for insuring an event that can only happen in Australia 142(1) premiums payable to a non ‑ resident under an insurance contract with a resident 142(2) rebates and premiums refunded to a superannuation fund trustee 295 ‑ 320 (table item 4) see also compensation , life insurance companies and recoupment interest overpaid tax, on ........................... 15 ‑ 35 qualifying securities, on ...................... 159GQ, 159GW(1) see also co ‑ operative companies and leases investments prizes from investment ‑ related lotteries ...... 26AJ qualifying securities, payments to partial residents made under 159GW(2) qualifying securities, amount assessable to issuer of .... 159GT(1B) qualifying securities, balancing adjustment on the transfer of 159GS securities, variation in terms of ................. 159GV(2) securities lending arrangements ................. 26BC traditional securities, gains on the disposal or redemption of 26BB see also films and interest landcare operations see recoupment leased plant .................................. Division 45 leases amounts received by lessor from lessee for non ‑ compliance with lease obligation to repair 15 ‑ 25 interest component of payments under non ‑ leveraged finance leases 159GK partnership leasing property under non ‑ leveraged finance lease, new partner or contribution of capital since 14 May 1985 159GO premiums relating to assignment of a lease granted before 20 September 1985 26AB profit on disposal of previously leased motor vehicles .. Subdivision 20 ‑ B leases of luxury cars accrual amounts ........................... 242 ‑ 35 adjustment amounts (lessee) 242 ‑ 70 adjustment amounts (lessor) 242 ‑ 65 leave payments accrued leave transfer payment ................. 15 ‑ 5 unused annual leave payment .......... .............. 83 ‑ 10 unused long service leave payment ............... 83 ‑ 80 see employment life insurance companies Subdivision 320 ‑ B limited recourse debt excessive deduction amount (debtor) 243 ‑ 40 excessive deduction amount (partner) 243 ‑ 65 liquidation distribution to a shareholder in winding up a company .. 47(1) live stock death or destruction of ....................... Subdivision 385 ‑ E departing Australia and ...................... 385 ‑ 160, 385 ‑ 163 insolvency, and ........................... 385 ‑ 160, 385 ‑ 163 profits on death or disposal of .................. Subdivision 385 ‑ E, 385 ‑ 160 see also compensation and trading stock long service leave see leave payments losses see compensation lotteries see investments managed investment trusts gains etc. from carried interests ................. 275 ‑ 200(2) meals see benefits Mining providing mining, quarrying or prospecting information . 15 ‑ 40 minors see child motor vehicles see car expenses and leases mutual insurance see insurance non ‑ cash benefits see benefits and employment notional sales and loans adjustment amounts (lessee) 240 ‑ 110(2) adjustment amounts (lessor) 240 ‑ 105(2) notional interest ............................ 240 ‑ 35(1) profit on actual sale ......................... 240 ‑ 35(3) profit on notional sale ........................ 240 ‑ 35(2) offshore banking units see banking partnerships net income of, partner’s interest in ............... 92(1) uncontrolled partnership income, effect of .......... 94 see also leases petroleum resource rent tax, recovery of .................. 20 ‑ 30(1) see also capital allowances premiums see insurance , leases and superannuation primary production see recoupment prizes see investments profits cross ‑ border transfer pricing ............. 815 ‑ 30 profit ‑ making undertaking or plan .......... 15 ‑ 15 sale of property acquired before 20 September 1985 for profit ‑ making by sale 25A see also avoidance of tax Project pools An amount received for the abandonment, sale or other disposal of a project 40 ‑ 830, 40 ‑ 832 property see profits and trusts quarrying see mining and recoupment R&D balancing adjustment ........................ 40 ‑ 292, 40 ‑ 293, 355 ‑ 315 and 355 ‑ 525 disposal of R&D results ...................... 355 ‑ 410 recoupments and feedstock adjustments ........... 355 ‑ 450 rates see recoupment recoupment insurance or indemnity for deductible losses or outgoings ............................. Subdivision 20 ‑ A other recoupment for certain deductible losses or outgoings Subdivision 20 ‑ A see also car expenses , compensation , elections and petroleum registered emissions units disposal of ............................... 420 ‑ 25 disposal for a non ‑ commercial purpose.......... .. 420 ‑ 40 difference between opening and closing value of ...... 420 ‑ 45 reimbursements see car expenses , dividends , elections , petroleum and recoupment reinsurance see insurance retirement payments see directors , leave payments and shareholders rights to income see transfers of income roads see timber royalties .......... .................................. 15 ‑ 20 schemes see avoidance of tax scholarship plan benefit under .............................. 15 ‑ 60 scientific research consideration for disposal or destruction of buildings acquired for scientific research 73A(4) securities see investments services see co ‑ operative companies , employment , loans and trusts shareholders excessive remuneration or retirement payment from company 109 loans, payments and credits from company ......... Division 7A of Part III see also dividends shares acquired in a debt/equity swap, profit on the disposal cancellation or redemption of 63E(4) bonus shares, cost of ........................ 6BA buy ‑ backs ......................... 159GZZZJ to 159GZZZT employee share schemes ..................... Subdivisions 83A ‑ B and 83A ‑ C holding company shares held by a subsidiary, cancellation of 159GZZZC to 159GZZZI see also dividends shipping goods shipped in Australia, amounts paid to foreign shipowners and charterers for 129 subsidies .......... .................................. 15 ‑ 10 superannuation associated earnings on non ‑ concessional contributions Subdivision 292 ‑ B benefits generally .......................... Divisions 301 to 306 benefits in breach of legislative requirements ........ Division 304 benefits received from older superannuation funds .... 26AF, 26AFA complying fund becomes non ‑ complying, effect of 295 ‑ 320 (table item 2) contributions to an approved deposit fund .......... Subdivisions 295 ‑ C and 295 ‑ D contributions to an RSA ...................... Subdivision 295 ‑ C contributions to a superannuation fund ............ Subdivisions 295 ‑ C and 295 ‑ D death benefits ............................. 302 ‑ 75 302 ‑ 85 302 ‑ 90 302 ‑ 145 excess concessional contributions ................ 291 ‑ 15(a) first home super saver scheme .................. 313 ‑ 20 foreign superannuation funds and schemes, benefits from 305 ‑ 70 member benefits ........................... 301 ‑ 20 301 ‑ 25 301 ‑ 35 301 ‑ 40 Subdivision 301 ‑ C foreign fund becoming Australian, effect of ......... 295 ‑ 320 (table item 3) no ‑ TFN contributions income ............ 295 ‑ 605 release authorities, payments from ............... 304 ‑ 20 returned contributions ....................... 290 ‑ 100 trustee’s liability to pay tax .................... 295 ‑ 5(2) and (3) see insurance tax avoidance see avoidance of tax and transfers of income tax exempt entities treatment of income and gains on becoming taxable .... Schedule 2D taxes see dividends , foreign investment funds , interest and recoupment termination of employment see directors , eligible termination payments , leave payments and shareholders theft see recoupment trading stock change in interests in ........................ 70 ‑ 100 death of trader and ......................... 70 ‑ 105 difference between opening and closing value of ...... 70 ‑ 35 disposal not at arm’s length .................... 70 ‑ 20 disposal of outside ordinary course of business ....... 70 ‑ 90, 70 ‑ 95 see also compensation and tax exempt entities transfer pricing arm’s length principle for cross ‑ border conditions between entities Subdivision 815 ‑ B arm’s length principle for permanent establishments .... Subdivision 815 ‑ C transfers of income consideration for transfer of right to income ......... 102CA payments for transfer or disposal of property ........ 262 transferee, effect on of transfer of right to income ..... 102C transferor, effect on of transfer of right to income ..... 102B travel expenses see car expenses trusts beneficiary under legal disability or with a vested and indefeasible interest in trust income 100 deceased estates, income of .................... 101A discretionary trusts ......................... 101 net income of a trust estate, your present entitlement to 97, 101 non ‑ resident beneficiaries, liability to tax of ... 98A non ‑ resident trust estates to which you have transferred property or services, income of 102AAZD property of applied for benefit of beneficiaries ....... 99B trust estate includes income from another trust estate 94(5) trustees’ liability to tax ....................... 98, 99, 99A, 102, 102S see also avoidance of tax and superannuation unearned income see child units acquired in a debt/equity swap, profit on the disposal, cancellation or redemption of 63E(4) water conservation see recoupment winding ‑ up see insurance and liquidation wool clips double wool clips, treatment of ................. 385 ‑ 135, 385 ‑ 155 work in progress receipt of a work in progress amount ............. 15 ‑ 50

Amendment history: Amended by No 121 of 1997, effective s 4: 8 July 1997 (s 2(1)) Sch 1, Sch 2 (items 3–17), Sch 3 (items 3–30), Sch 4 (items 5–62, Sch 5 (items 3–42), Sch 6 (items 3–67), Sch7 (items 2–4), Sch 8 (items 2–31), Sch 9 (items 3–15), Sch 10 (items 2–11), Sch 11 (items 2–36) and Sch 12 (items 1–14): 1 July 1997 (s 2(2), (3), (4) (5)) | Amended by No 174 of 1997, effective Sch 6 (items 1–16, 23(1)) and Sch 9 (items 1–23, 30(1)): 21 Nov 1997 (s 2(1), (3)) | Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 46 of 1998, effective s 4, Sch 1, Sch 2 (items 4–48), Sch 3 (items 3–12), Sch 4 (items 2–11), Sch 5 (items 3–5), Sch 6 (items 2–7), Sch 7 (items 2–11), Sch 9 (items 2–6, 8) and Sch 10: 22 June 1998 (s 2(1)–(4)) | Amended by No 47 of 1998, effective Schedule 1 (items 2, 4): 1 July 1998 Remainder: Royal Assent | Amended by No 85 of 1998, effective 2 Jan 1999 | Amended by No 39 of 1999, effective 31 May 1999 | Amended by No 54 of 1999, effective 5 July 1999 (s 2(1), (2)) | Amended by No 169 of 1999, effective Sch 5 (items 1–12): 22 Feb 1999 (s 2(2)) Sch 1 (items 1–13, 18), Sch 2 (items 1–3, 5), Sch 3 (items 1–4, 7), Sch 4 (items 1–15, 19), Sch 6, Sch 7 (item 11), Sch 8, Sch 9 (items 1–14, 23–33) and Sch 10: 10 Dec 1999 (s 2(1)) | Amended by No 176 of 1999, effective Sch 3: 1 July 2000 (s 2(9)) | Amended by No 79 of 2000, effective s 4: 30 June 2000 (s 2(1)) Sch 1 (items 3, 4(2)), Sch 2 (items 1–7) and Sch 6 (items 1–11, 15): 1 July 2000 (s 2(2)) | Amended by No 86 of 2000, effective Sch 1 (items 1–26): 30 June 2000 (s 2(1)) | Amended by No 89 of 2000, effective s 4, Sch 1 (items 1–17, 19–25, 30–32, 34–65, 65A, 68), Sch 2 (items 63–66, 69, 71–79, 79A, 79B, 80–83, 83A, 84), Sch 4, Sch 5 (items 1–31, 34), Sch 6 and Sch 9 (items 5, 9, 26, 43, 55–57, 62, 63, 66, 67): 30 June 2000 (s 2(1)) Sch 1 (item 18): 1 pm (A.C.T.) 11 Nov 1999 (s 2(2)) Sch 1 (items 26–29, 33): 31 May 2000 (s 2(3)) Sch 2 (items 67, 68, 70): 1 July 2001 (s 2(5)) Sch 9 (items 1–4, 6–8, 10–25, 27–42, 44–54, 58–61, 64, 65, 68–73): 1 July 2000 (s 2(11)) | Amended by No 72 of 2001, effective 30 June 2001 | Amended by No 77 of 2001, effective Sch 2 (items 149–476, 488): 30 June 2001 (s 2(1)) | Amended by No 169 of 2001, effective s 4, Sch 4, Sch 5 (items 1–9) and Sch 6 (items 1–4, 4A–4C, 5, 5A, 6–16, 16L–16N, 17, 19): 1 Oct 2001 (s 2(1), (4), (4B), (4C), (5)) | Amended by No 170 of 2001, effective Sch 2 (items 28–44, 51): 12 pm (A.C.T.) 29 Jan 2001 (s 2(2)) Sch 2 (items 69–84, 92): 30 June 2001 (s 2(3)) Sch 3 (items 11–13, 19(1)): 1 Oct 2001 (s 2(1)) | Amended by No 26 of 2002, effective 4 Apr 2002 | Amended by No 97 of 2002, effective s. 4, Schedule 1 (item 8) and Schedule 2 (items 9A, 9B, 10–12): Royal Assent | Amended by No 119 of 2002, effective s 4, Sch 1 (items 2–5, 8), Sch 2 and Sch 3 (item 100): 2 Dec 2002 (s 2(1) items 1, 2, 10) Sch 1 (items 6, 7): ( see Sch 10 (item 242) of Act No. 41, 2005) Sch 3 (items 4–78): 30 June 2001 (s 2(1) items 3–8) | Amended by No 136 of 2002, effective Sch 1 (items 1, 5): 31 May 2000 (s 2(1) items 2, 4) Sch 1 (items 2–4, 6–27), Sch 2 (items 18–28), Sch 3 (items 2–18) and Sch 4 (items 1, 2): 19 Dec 2002 (s 2(1) items 3, 5, 6) | Amended by No 12 of 2003, effective Schedule 1: 29 Aug 2001 Remainder: Royal Assent | Amended by No 65 of 2003, effective s. 4, Schedule 2, Schedule 3 (items 3–5) and Schedule 5 (item 3): Royal Assent | Amended by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A) | Amended by No 133 of 2003, effective 17 Dec 2003 | Amended by No 20 of 2004, effective Schedule 6: 1 July 2000 Remainder: Royal Assent | Amended by No 101 of 2004, effective s. 4, Schedule 1 (items 2–4), Schedule 9, Schedule 10 (items 7–37) and Schedule 11 (items 144–146): Royal Assent Sch 2 and Sch 7 (items 1–8): 30 June 2003 (s 2(1) items 3, 8) Sch 3: 1 July 2003 (s 2(1) item 4) Sch 11 (item 35): 30 June 2000 (s 2(1) item 13) Sch 11 (items 52–59, 88, 89): 1 July 2000 (s 2(1) item 14) Sch 11 (items 141–143): 1 July 2001 (s 2(1) item 16) | Amended by No 23 of 2005, effective s. 4, Schedule 1 (items 2–8, 11, 13–19, 21–24, 26, 27, 29–32), Schedule 2 (items 1–11, 14), Schedule 3 (items 1–13, 75–102, 111(1)–(3)), Schedules 4–6, 8, 10 and Schedule 12 (items 2–6, 11(1)): Royal Assent Schedule 12 (item 1): 1 July 2000 | Amended by No 55 of 2006, effective Schedules 1, 3 and 4: 1 July 2006 Remainder: Royal Assent | Amended by No 101 of 2006, effective Schedules 3 and 4: 1 Jan 2008 Remainder: Royal Assent | Amended by No 15 of 2007, effective s 4, Sch 1 (items 150–236, 240, 242–260, 406(1)–(3)), Sch 3 (items 8–44, 66) and Sch 4 (items 1–8): 15 Mar 2007 (s 2(1) items 1, 2, 6, 8, 9) Sch 2: 12 Apr 2007 (s 2(1) item 3) | Amended by No 79 of 2007, effective Schedule 1 (items 28, 29, 39–42, 43(1), (6)), Schedules 3, 4, Schedule 6 (items 3–8), Schedule 9 (items 14–26, 30, 34) and Schedule 10 (items 10–13, 32): Royal Assent Schedule 8 (items 2, 12–25, 26(1)–(3)): 1 July 2007 | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 164 of 2007, effective s. 4, Schedule 1 (items 1–24, 36–67, 71), Schedules 2–6, Schedule 7 (items 1–3, 5–12, 14), Schedule 8 (items 6–13), Schedule 9 and Schedule 10 (items 1, 7–25, 91, 92): Royal Assent Schedule 10 (items 57–88): 1 July 2010 Sch 12 (items 72–87): 27 Sept 2007 (s 2(1) item 9) | Amended by No 92 of 2008, effective Schedule 1 (items 10–22, 26): 1 Oct 2008 | Amended by No 15 of 2009, effective Sch 1 (items 1–30, 52–97, 102–105): 26 Mar 2009 (s 2(1) item 2) Sch 1 (items 106–112, 114): 17 Dec 2003 (s 2(1) item 3) | Amended by No 126 of 2009, effective Schedule 1 (items 1–17, 20): 9 June 2010 ( see s. 2(1)) | Amended by No 133 of 2009, effective Schedule 1 (items 1, 21–76, 86, 87): 14 Dec 2009 Schedule 2 (items 1–13, 15) and Schedule 3 (items 28–40, 44, 45): Royal Assent | Amended by No 56 of 2010, effective s. 4, Schedule 3 (items 2–7, 10(1)–(4)), Schedule 4, Schedule 5 (items 1–3, 3A, 3B, 4–53, 55–72, 78–110, 112–129, 131–136, 141–146, 146A, 147, 148, 148A, 149, 150, 150A–150F, 151–188, 193–220) and Schedule 6 (items 1–11, 19–26, 56, 57, 115, 127–155): 3 June 2010 Schedule 2 (items 2, 4): 4 June 2010 Sch 5 (item 111): 26 Mar 2009 (s 2(1) item 11B) | Amended by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4) | Amended by No 114 of 2010, effective Schedule 1 (items 40–86, 93(1), 95): Royal Assent | Amended by No 93 of 2011, effective Schedule 1, Schedule 3 (items 1–4, 15–42, 54–107) and Schedule 4 (items 1–9): Royal Assent | Amended by No 132 of 2011, effective Sch 2 (items 4–71): 2 Apr 2012 (s 2(1) item 5) Sch 2 (items 74–77): never commenced (s 2(1) item 6 (rep by 83, 2014, Sch 3 item 1)) | Amended by No 14 of 2012, effective Sch 2 (items 11–16): never commenced (s 2(1) item 4) Sch 3 (items 7–85, 91): 1 July 2012 (s 2(1) items 5, 7) | Amended by No 75 of 2012, effective Schedule 3 and Schedule 4 (items 1–10, 20): Royal Assent | Amended by No 115 of 2012, effective Sch 1 (items 5–11): 8 Sept 2012(s 2) | Amended by No 82 of 2013, effective Sch 1 (item 1) and Sch 3 (items 1, 6–11, 39): 28 June 2013 (s 2) | Amended by No 84 of 2013, effective s 4, Sch 1 (items 2–9, 19–23), Sch 2, Sch 3, Sch 6 and Sch 8 (items 27–32): 28 June 2013 (s 2(1) items 1, 2, 4) | Amended by No 88 of 2013, effective s 4, Sch 1 (items 1–18), Sch 3 and Sch 7 (items 200–210, 236–242): 28 June 2013 (s 2(1) items 1, 2, 5, 21, 26) Sch 1 (items 33, 34): 1 July 2013 (s 2(1) item 3) Sch 5 (items 1–5, 7–9) and Sch 6 (items 3–41, 50–65): 29 June 2013 (s 2(1) items 8, 9, 14) Sch 7 (items 1–4): 1 July 2012 (s 2(1) item 15) | Amended by No 101 of 2013, effective Sch 2 (items 2, 20–43, 50): 29 June 2013 (s 2(1) item 3) Sch 2 (items 55–57): 8 Sept 2012 (s 2(1) item 4) | Amended by No 118 of 2013, effective Sch 1 (items 1, 4–11, 16–26, 38–79, 88–96, 110): 29 June 2013 (s 2(1) items 2–5, 11) Sch 1 (item 97): 1 July 2013 (s 2(1) item 6) | Amended by No 96 of 2014, effective Sch 1 (items 14–45, 122–124), Sch 2 (items 1, 14–40, 42, 43) and Sch 3–5: 30 Sept 2014 (s 2(1) item 2) Sch 8 (items 15–22, 26) and Sch 9 (items 21, 22, 24): 31 Dec 2016 (s 2(1) items 7, 9) | Amended by No 109 of 2014, effective Sch 10 (items 13–15, 21–48): 17 Oct 2014 (s 2(1) item 8) | Amended by No 21 of 2015, effective s 4 and Sch 6 (items 1, 2, 16–25, 73): 19 Mar 2015 (s 2(1) items 1, 7–11, 13) Sch 1 (items 1–17, 49), Sch 3 and Sch 7 (items 13–21): 20 Mar 2015 (s 2(1) items 2, 4, 15) Sch 4 (items 1–5, 9–17): 1 July 2015 (s 2(1) item 5) Sch 6 (items 51–59, 74–79): never commences (s 2(1) items 12, 14) | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 47 of 2016, effective Sch 6 (items 16–25): 6 May 2016 (s 2(1) item 8) | Amended by No 53 of 2016, effective Sch 1 (item 1), Sch 2, Sch 3 (items 2–4), Sch 4 (items 1–5), Sch 5 (items 2, 29–67, 75), Sch 6 (items 21–34), Sch 8 (item 1) and Sch 9: 5 May 2016 (s 2(1) items 2, 4) | Amended by No 81 of 2016, effective Sch 1 (items 2–6, 26–32, 36), Sch 2 (items 1–8, 13–18, 20), Sch 3 (items 1–5, 9), Sch 5–8, Sch 9 (items 1–3, 5), Sch 10 (items 72–80, 93) and Sch 11: 1 Jan 2017 (s 2(1) items 2, 4, 6, 9) Sch 10 (items 2–27, 49–54): 1 July 2018 (s 2(1) item 5) | Amended by No 132 of 2017, effective Sch 1 (items 6–12, 21, 27–31): 1 July 2018 (s 2(1) item 2) Sch 2 (items 1–5, 7): 1 Jan 2018 (s 2(1) item 3) | Amended by No 4 of 2018, effective Sch 6 (items 9–20, 27): 21 Feb 2018 (s 2(1) item 1) | Amended by No 23 of 2018, effective Sch 1 (items 12–19, 21–23, 60–62), Sch 2 (items 1, 2, 6) and Sch 5 (items 7–11, 26–28): 1 Apr 2018 (s 2(1) items 3, 5, 8, 10, 12) Sch 1 (items 75–79): 30 Mar 2018 (s 2(1) item 9) | Amended by No 49 of 2019, effective Sch 3 (item 1) and Sch 4 (items 71–94, 111): 1 July 2019 (s 2(1) items 10, 12) | Amended by No 79 of 2020, effective Sch 1, 3 and 5: 1 Oct 2020 (s 2(1) items 2, 4) | Amended by No 92 of 2020, effective Sch 1 (items 18–21, 24): 15 Oct 2020 (s 2(1) item 4) Sch 1 (items 25–27): 1 July 2022 (s 2(1) item 5) Sch 2 (items 1–3, 16–35), Sch 3 (items 25–36, 40), Sch 4 (items 1–11, 14), Sch 5 (items 11–38, 56) and Sch 7 (items 5–8, 12–25): 1 Jan 2021 (s 2(1) item 7) | Amended by No 110 of 2021, effective Sch 1 and Sch 2 (items 8–13): 1 Oct 2021 (s 2(1) item 2) | Amended by No 52 of 2024, effective sch 3 (items 1 ‑ 5): 29 June 2024 (s 2(1) item 3) sch 4 ‑ 7: 1 July 2024 (s 2(1) item 4)

s 11-1A — Effect of this Subdivision

This Subdivision is a * Guide.

Amendment history: Inserted by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35) | Repealed and substituted by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A)

s 11-1 — Overview

Ordinary income or statutory income which is exempt from income tax can be divided into 2 main classes: (a) ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section 11 ‑ 5); (b) ordinary or statutory income of a kind that is exempt (see table in section 11 ‑ 15).

Amendment history: Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 12 of 2012, effective s 4, Sch 2 (items 1–23), Sch 5 and Sch 6 (items 3–6, 11–20, 25, 26, 35–67, 74–83, 94–96, 117–142, 157–178, 183, 200–203, 214–217, 235–240, 248): 21 Mar 2012 (s 2(1) items 1, 3, 5, 6, 10, 14, 18, 19, 27, 31) Sch 6 (item 7): 1 July 2007 (s 2(1) item 7) Sch 6 (item 10): 1 July 2010 (s 2(1) item 9) Sch 6 (items 106–116): 22 Mar 2012 (s 2(1) items 16, 17) Sch 6 (item 143): 22 Jan 2013 (s 2(1) item 20) Sch 6 (items 146–148): never commenced (s 2(1) item 23) Sch 6 (items 179, 181): 3 Oct 2008 (s 2(1) items 28, 30) Sch 6 (item 180): 3 June 2010 (s 2(1) item 29)

s 11-5 — Entities that are exempt, no matter what kind of ordinary or statutory income they have

Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936. Note: Special rules apply to entities that cease to be exempt. See Schedule 2D to the Income Tax Assessment Act 1936 . charity, education or science educational institution, public ................... 50 ‑ 5 registered charity ........................... 50 ‑ 5 scientific institution ......................... 50 ‑ 5 scientific research fund ....................... 50 ‑ 5 scientific society etc. ........................ 50 ‑ 5 community service community service society etc. .................. 50 ‑ 10 employees and employers employee association ........................ 50 ‑ 15 employer association ........................ 50 ‑ 15 trade union ............................... 50 ‑ 15 government constitutionally protected fund .................. 50 ‑ 25 local governing body ........................ 50 ‑ 25 municipal corporation ........................ 50 ‑ 25 public authority ............................ 50 ‑ 25 state/territory bodies ......................... 24AK to 24AZ health health benefits organisation .................... 50 ‑ 30 hospital ................................. 50 ‑ 30 medical benefits organisation ................... 50 ‑ 30 HIH rescue package HIH Claims Support Trust .................. 322 ‑ 10 mining British Phosphate Commissioners Banaba Contingency Fund 50 ‑ 35 primary or secondary resources, and tourism agricultural society etc. ...................... 50 ‑ 40 aviation society etc. ......................... 50 ‑ 40 horticultural society etc. ...................... 50 ‑ 40 industrial society etc. ........................ 50 ‑ 40 manufacturing society etc. .................... 50 ‑ 40 pastoral society etc. ......................... 50 ‑ 40 tourism society etc. ......................... 50 ‑ 40 viticultural society etc. ....................... 50 ‑ 40 sports, culture or recreation animal racing society etc. ..................... 50 ‑ 45 art society etc. ............................ 50 ‑ 45 Fédération Internationale de Football Association ..... 50 ‑ 45 FWWC2023 Pty Ltd ........................ 50 ‑ 45 game society etc. .......................... 50 ‑ 45 ICC Business Corporation FZ ‑ LLC ......... 50 ‑ 45 literature society etc. ........................ 50 ‑ 45 music society etc. .......................... 50 ‑ 45 Rugby Australia Ltd ......................... 50 ‑ 45 Rugby World Cup (Australia) Pty Ltd ............. 50 ‑ 45 Rugbypass Limited ......................... 50 ‑ 45 RWC2003 Limited .......................... 50 ‑ 45 sport society etc. ........................... 50 ‑ 45 World Rugby ............................. 50 ‑ 45 World Rugby Events Designated Activity Company .... 50 ‑ 45 World Rugby Limited ........................ 50 ‑ 45 World Rugby Tournaments Limited .............. 50 ‑ 45

Amendment history: Amended by No 121 of 1997, effective s 4: 8 July 1997 (s 2(1)) Sch 1, Sch 2 (items 3–17), Sch 3 (items 3–30), Sch 4 (items 5–62, Sch 5 (items 3–42), Sch 6 (items 3–67), Sch7 (items 2–4), Sch 8 (items 2–31), Sch 9 (items 3–15), Sch 10 (items 2–11), Sch 11 (items 2–36) and Sch 12 (items 1–14): 1 July 1997 (s 2(2), (3), (4) (5)) | Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 169 of 2001, effective s 4, Sch 4, Sch 5 (items 1–9) and Sch 6 (items 1–4, 4A–4C, 5, 5A, 6–16, 16L–16N, 17, 19): 1 Oct 2001 (s 2(1), (4), (4B), (4C), (5)) | Amended by No 101 of 2004, effective s. 4, Schedule 1 (items 2–4), Schedule 9, Schedule 10 (items 7–37) and Schedule 11 (items 144–146): Royal Assent Sch 2 and Sch 7 (items 1–8): 30 June 2003 (s 2(1) items 3, 8) Sch 3: 1 July 2003 (s 2(1) item 4) Sch 11 (item 35): 30 June 2000 (s 2(1) item 13) Sch 11 (items 52–59, 88, 89): 1 July 2000 (s 2(1) item 14) Sch 11 (items 141–143): 1 July 2001 (s 2(1) item 16) | Amended by No 63 of 2005, effective Schedule 1 (items 5–23): Royal Assent | Amended by No 9 of 2007, effective Schedule 1 (items 1, 2, 5–17, 24(1)), Schedule 2 (items 1, 2), Schedule 3, Schedule 5 (items 6–8, 36(1)) and Schedule 10: Royal Assent | Amended by No 75 of 2010, effective Sch 1 (items 34, 35) and Sch 6 (items 7–10): 29 June 2010 (s 2(1) items 2, 9) Sch 2 (item 26): 1 July 2010 (s 2(1) item 4) Sch 2 (item 27): never commenced (s 2(1) item 5) Sch 3, Sch 4 and Sch 5 (items 1, 7–9): 28 June 2010 (s 2(1) items 6, 7) Sch 5 (items 10, 11): 1 Jan 2018 (s 2(1) item 8) | Amended by No 41 of 2011, effective Schedule 1 (items 1–3): 1 Jan 2011 Schedule 1 (items 4–6) and Schedule 5 (items 25–29, 33, 36–50, 74–78, 80–145, 148–167, 173–175, 383–396, 400, 414–418): Royal Assent Schedule 5 (items 9, 18–20): 28 June 2011 Schedule 5 (items 51–54): 1 July 2011 | Amended by No 169 of 2012, effective Sch 2 (items 4–23, 28–39, 187–189) and Sch 4 (items 4–7): 3 Dec 2012 (s. 2(1) items 3, 7, 12) Sch 4 (items 8–10, 21, 22): never commenced (s 2(1) items 13, 14) Sch 5: 4 Dec 2012 (s 2(1) item 15) | Amended by No 96 of 2013, effective Sch 1 (items 23–37): 1 Jan 2014 (s 2(1) item 2) | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 84 of 2018, effective Sch 1 (items 1, 8–13, 15), Sch 2 (items 1–3, 6–10), Sch 3, Sch 4 (items 2–4) and Sch 5: 1 Oct 2018 (s 2(1) item 1) | Amended by No 35 of 2022, effective sch 1 (items 1-3), sch 3 (items 2, 3): 1 Oct 2022 (s 2(1) items 2, 4) | Amended by No 12 of 2026, effective sch 3 (items 4 ‑ 6), sch 5 (items 1 ‑ 28): 1 Apr 2026 (s 2(1) items 4, 6)

s 11-15 — Ordinary or statutory income which is exempt

Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936. acute support packages for veterans and their families acute support packages for veterans and their families ... 52 ‑ 185 agricultural industry exit grants tobacco industry exit grants .................... 53 ‑ 10 copyright collecting societies 51 ‑ 43 Coronavirus economic response payment certain payments in accordance with the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 53 ‑ 25 credit unions interest ................................. 23G defence Defence Force member, allowances ............... 51 ‑ 5 Defence Force member, compensation payments for loss of deployment allowance for warlike service 51 ‑ 5 Defence Force Ombudsman recommendation, reparation payments and additional payments in relation to 51 ‑ 5 F ‑ 111 Deseal/Reseal Ex ‑ gratia Lump Sum Payments 51 ‑ 5 Former Reserve Defence Force member, compensation payments for loss of pay and/or allowances 51 ‑ 5 Reserve Defence Force member, pay and allowances ... 51 ‑ 5 disasters 2018 storms—relief payments .................. 51 ‑ 125 dividends or shares pooled development fund company dividend ........ 124ZM pooled development fund company shares, income from sale of 124ZN education and training Apprenticeship Wage Top ‑ Up payment, recipient of 51 ‑ 10 bursary, educational allowance etc. ............... 51 ‑ 10 and 51 ‑ 35 Commonwealth Trade Learning Scholarship, recipient of 51 ‑ 10 CRAFT scheme, employer’s income from .......... 51 ‑ 10 early completion bonuses for apprentices ........... 51 ‑ 10 and 51 ‑ 42 Endeavour Awards, research fellowship under ........ 51 ‑ 10 Endeavour Executive Award ................... 51 ‑ 10 foreign student, scholarship and bursary to .......... 842 ‑ 105 full ‑ time student, income from a scholarship, bursary, other educational allowance or educational assistance 51 ‑ 10 and 51 ‑ 35 isolated child, income for the provision of education of .. 51 ‑ 10 and 51 ‑ 40 secondary student, income for the provision of education of 51 ‑ 10 and 51 ‑ 40 Skills for Sustainability for Australian Apprentices payment, recipient of 51 ‑ 10 Tools for Your Trade payment (under the program known as the Australian Apprenticeships Incentives Program), recipient of 51 ‑ 10 family assistance additional child care subsidy ................... 52 ‑ 150 additional economic support payment 2020 or additional economic support payment 2021 52 ‑ 150 back to school bonus or single income family bonus .... 52 ‑ 150 child care subsidy .......................... 52 ‑ 150 clean energy advance ........................ 52 ‑ 150 economic security strategy payment to families ....... 52 ‑ 150 economic support payment, first or second 2020 payment 52 ‑ 150 ETR payment ............................. 52 ‑ 150 ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 52 ‑ 162 families, payments to, under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 52 ‑ 160 family tax benefit .......................... 52 ‑ 150 Household Stimulus Package Act (No. 2) 2009 , payments under scheme determined under Schedule 4 to the 52 ‑ 165 single income family supplement ................ 52 ‑ 150 stillborn baby payment ....................... 52 ‑ 150 financial arrangements gains related to exempt income .................. 230 ‑ 30 financial transactions pooled development fund company dividends ........ 124ZM pooled development fund company shares, income from sale of 124ZN foreign aspects of income taxation approved overseas project, income from ........... 23AF Australian ‑ American Education Foundation, grant from 51 ‑ 10 Commonwealth of Nations country officer, official salary and foreign income 768 ‑ 100 consul and official staff member, official salary and foreign income 768 ‑ 100 Defence Force member, foreign resident, pay and allowances of .......................... 842 ‑ 105 Defence Force member, pay and allowances from being on eligible duty 23AD defence of Australia, overseas person’s income from assisting in Australia’s defence 842 ‑ 105 diplomat and official staff member, official salary and foreign income 768 ‑ 100 educational, scientific, religious or philanthropic society, income of a visiting representative of 842 ‑ 105 expert, foreign resident, remuneration of ........... 842 ‑ 105 foreign society or association representative, income of . 842 ‑ 105 forex realisation gains, certain .................. 775 ‑ 20 government representative and members of the entourage, foreign resident, income of 842 ‑ 105 OBU investment trusts for overseas charitable institutions 121EL(2) OBU off ‑ shore investment trusts, income to which subsection 121D(6) applies 121EL overseas charitable institutions, income from OBUs .... 121ELA(1) overseas employment income, resident, income of ..... 23AG persecution victim, payments to ................. 768 ‑ 105 press representative, foreign, income of ............ 842 ‑ 105 resistance fighter and victim of wartime persecution, payments to 768 ‑ 105 United Nations, income from service with .......... 23AB United States projects, income from approved overseas projects 23AA health Continence Aids Payment Scheme, payments under .... 52 ‑ 175 interest judgement debt, personal injury ................. 51 ‑ 57 unclaimed money and property .................. 51 ‑ 120 life insurance companies Subdivision 320 ‑ B National Disability Insurance Scheme NDIS amounts ............................ 52 ‑ 180 non ‑ cash benefits business benefit ............................ 23L(2) exempt fringe benefit ........................ 23L(1A) prizes Prime Minister’s Literary Awards ............... 51 ‑ 60 Prime Minister’s Prize for Australian History ........ 51 ‑ 60 Prime Minister’s Prize for Science ............... 51 ‑ 60 resale royalty collecting societies 51 ‑ 45 shipping income from shipping activities ................. 51 ‑ 100 social security or like payments ABSTUDY scheme, payment under .............. Subdivision 52 ‑ E additional economic support payment 2020 or additional economic support payment 2021 under the Social Security Act 1991 52 ‑ 10 additional economic support payment 2020 or additional economic support payment 2021 under the Veterans’ Entitlements Act 1986 52 ‑ 65 Australian Victim of Terrorism Overseas Payment ..... 52 ‑ 10 Better Start for Children with Disability initiative, Outer Regional and Remote payment under 52 ‑ 172 carer adjustment payment ..................... 53 ‑ 10 carers, 2005 one ‑ off payment to, (carer payment related), 2005 one ‑ off payment to carers (carer service pension related) or 2005 one ‑ off payment to carers (carer allowance related) 52 ‑ 10 carers, 2006 one ‑ off payment to, (carer payment related), 2006 one ‑ off payment to carers (wife pension related), 2006 one ‑ off payment to carers (partner service pension related), 2006 one ‑ off payment to carers (carer service pension related) or 2006 one ‑ off payment to carers (carer allowance related) 52 ‑ 10 carers, 2007 one ‑ off payment to, (carer payment related), 2007 one ‑ off payment to carers (wife pension related), 2007 one ‑ off payment to carers (partner service pension related), 2007 one ‑ off payment to carers (carer service pension related) or 2007 one ‑ off payment to carers (carer allowance related). 52 ‑ 10 carers, 2008 one ‑ off payment to, (carer payment related), 2008 one ‑ off payment to carers (wife pension related), 2008 one ‑ off payment to carers (partner service pension related), 2008 one ‑ off payment to carers (carer service pension related) or 2008 one ‑ off payment to carers (carer allowance related) 52 ‑ 10 carers, one ‑ off payment to, (carer allowance related) or one ‑ off payment to carers (carer payment related) 52 ‑ 10 carers, payments to, under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families—One ‑ off Payments) Act 2004 52 ‑ 10 carer supplement. ........................... 52 ‑ 10 child disability assistance ..................... Subdivision 52 ‑ A clean energy payment under the Social Security Act 1991 52 ‑ 10 clean energy payment under the Veterans’ Entitlements Act 1986 52 ‑ 65 clean energy payment under the Military Rehabilitation and Compensation Act 2004 52 ‑ 114 clean energy payment under the scheme determined under section 258 of the Military Rehabilitation and Compensation Act 2004 52 ‑ 114 Commonwealth education or training payment ....... Subdivision 52 ‑ F cost of living payment 2022 under the Social Security Act 1991 52 ‑ 10 cost of living payment 2022 under the Veterans’ Entitlements Act 1986 52 ‑ 65 disability services payment .................... 53 ‑ 10 economic security strategy payment under the Social Security Act 1991 52 ‑ 10 economic support payment, first or second 2020 payment under the Social Security Act 1991 52 ‑ 10 economic support payment, first or second 2020 payment under the Veterans’ Entitlements Act 1986 52 ‑ 65 education entry payment supplement under the Social Security Act 1991 52 ‑ 10 energy assistance payment, one ‑ off payment under the Social Security Act 1991 52 ‑ 10 energy assistance payment, one ‑ off payment under the Veterans’ Entitlements Act 1986 52 ‑ 65 ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 52 ‑ 162 farm household allowance under the Farm Household Support Act 2014 Subdivision 52 ‑ A Helping Children with Autism package, Outer Regional and Remote payment under 52 ‑ 170 Household Stimulus Package Act (No. 2) 2009 , payments under the scheme determined under Schedule 4 to the 52 ‑ 165 pension bonus and pension bonus bereavement payment . 52 ‑ 10 and 52 ‑ 65 persecution victim, payments to ................. 768 ‑ 105 pharmaceutical supplement for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force Subdivision 52 ‑ CB pharmaceutical supplement for Australian surgical ‑ medical team members Subdivision 52 ‑ CC resistance fighter and victim of wartime persecution, payments to 768 ‑ 105 Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 , payments under the scheme determined under Schedule 4 to the 52 ‑ 160 Social Security and Veterans’ Affairs Legislation Amendment (One ‑ off Payments and Other 2007 Budget Measures) Act 2007 , payments under a scheme determined under item 1 of Schedule 2 to the 52 ‑ 10 Social Security and Veterans’ Affairs Legislation Amendment (One ‑ off Payments and Other 2007 Budget Measures) Act 2007 , payments under the scheme determined under Schedule 4 to the 52 ‑ 10 Social Security and Veterans’ Entitlements Legislation Amendment (One ‑ off Payments and Other Budget Measures) Act 2008 , payments under a scheme determined under item 1 of Schedule 2 to the 52 ‑ 10 Social Security and Veterans’ Entitlements Legislation Amendment (One ‑ off Payments and Other Budget Measures) Act 2008 , payments under the scheme determined under Schedule 4 to the 52 ‑ 10 Social Security and Veterans’ Entitlements Legislation Amendment (One ‑ off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under item 1 of Schedule 2 to the 52 ‑ 10 Social Security and Veterans’ Entitlements Legislation Amendment (One ‑ off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under Schedule 4 to the 52 ‑ 10 Social Security Legislation Amendment (One ‑ off Payments for Carers) Act 2005 , payments under the scheme determined under Schedule 2 to the 52 ‑ 10 social security payments ...................... Subdivision 52 ‑ A training and learning bonus under the Social Security Act 1991 52 ‑ 10 travelling expenses for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force Subdivision 52 ‑ CB travelling expenses for Australian surgical ‑ medical team members Subdivision 52 ‑ CC veteran, Australian and United Kingdom, payment to ... 53 ‑ 20 veteran, payment to ......................... Subdivisions 52 ‑ B and 52 ‑ C Veterans’ Entitlements Act 1986 , lump sum payment under section 198N of the 52 ‑ 65 wounds and disability pension .................. 53 ‑ 10 see also welfare structured settlements and structured orders annuities and lump sums ...................... Subdivisions 54 ‑ B, 54 ‑ C and 54 ‑ D student see education and training superannuation and related business approved deposit fund, continuously complying fixed interest, income from 25 May 1988 deposits 295 ‑ 390 of the Income Tax (Transitional Provisions) Act 1997 approved deposit fund, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 295 ‑ 405 (table item 1) approved deposit fund, non ‑ reversionary bonuses on policies of life assurance 295 ‑ 335 (table item 1) benefits from non ‑ complying funds ........ 305 ‑ 5 pooled superannuation trust, income from constitutionally protected funds 295 ‑ 335 (table item 2) pooled superannuation trust, income from current pension liabilities of complying superannuation funds 295 ‑ 400 pooled superannuation trust, non ‑ reversionary bonuses on policies of life assurance 295 ‑ 335 (table item 1) superannuation fund, income from other assets used to meet current pension liabilities 295 ‑ 390 superannuation fund, income from segregated current pensions assets 295 ‑ 385 superannuation fund, non ‑ reversionary bonuses on policies of life assurance 295 ‑ 335 (table item 1) superannuation fund, regulated, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 295 ‑ 405 (table item 1) Territories Stolen Generations Redress Scheme Territories Stolen Generations Redress Scheme payments 53 ‑ 30 United Nations United Nations Service, income from ............. 23AB venture capital eligible venture capital investments, gain or profit from realisation of 51 ‑ 54 eligible venture capital investments by ESVCLPs, income derived from 51 ‑ 52 venture capital equity, gain or profit from realisation of .. 51 ‑ 55 welfare Disaster recovery payments to special category visa (subclass 444) holders 51 ‑ 30 maintenance payment ........................ 51 ‑ 30 and 51 ‑ 50 thalidomide payment—payment under the Support for Australia’s Thalidomide Survivors program 51 ‑ 30 thalidomide payment—payment by the Thalidomide Australia Fixed Trust 51 ‑ 30 see also social security or like payments Note: The following provisions of the Income Tax Assessment Act 1936 give rise to notional exempt income and not exempt income. For this reason the provisions do not appear in the lists of kinds of exempt income. The provisions are: paragraphs 384(1)(b) and 385(1)(b), subsection 402(2) and section 403.

Amendment history: Amended by No 121 of 1997, effective s 4: 8 July 1997 (s 2(1)) Sch 1, Sch 2 (items 3–17), Sch 3 (items 3–30), Sch 4 (items 5–62, Sch 5 (items 3–42), Sch 6 (items 3–67), Sch7 (items 2–4), Sch 8 (items 2–31), Sch 9 (items 3–15), Sch 10 (items 2–11), Sch 11 (items 2–36) and Sch 12 (items 1–14): 1 July 1997 (s 2(2), (3), (4) (5)) | Amended by No 179 of 1997, effective Sch 2 (items 12–26) and Sch 3 (item 4): 25 Nov 1997 (s 2) | Amended by No 196 of 1997, effective Sch 1 (items 19, 20): 9 Dec 1997 (s 2(5)) | Amended by No 45 of 1998, effective Sch 12 (items 25–46): 1 July 1998 (s 2(1)) | Amended by No 102 of 1998, effective 30 July 1998 | Amended by No 128 of 1998, effective 21 Dec 1998 | Amended by No 13 of 1999, effective Sch 1 (items 122–125, 128): 1 July 1997 (s 2(3)) Sch 1 (items 129–133): 1 July 1998 (s 2(4)) Sch 1 (items 134–137) and Sch 2 (items 50–55, 63, 64(1), (3)): 1 July 1999 (s 2(2)(a), (b)) | Amended by No 54 of 1999, effective 5 July 1999 (s 2(1), (2)) | Amended by No 60 of 1999, effective 9 July 1999 ( see s. 2) | Amended by No 83 of 1999, effective Sch 10 (items 24–54, 68(1), 69): 1 July 2000 (s 2(2)) | Amended by No 93 of 1999, effective Schedule 4 (item 24): 16 Apr 1998 Remainder: Royal Assent | Amended by No 165 of 1999, effective s 4, Sch 1 (items 1–53, 61, 62), Sch 2, Sch 3 (items 1–4, 18) and Sch 4: 10 Dec 1999 (s 2(1), (2)) | Amended by No 76 of 2000, effective 28 June 2000 | Amended by No 89 of 2000, effective s 4, Sch 1 (items 1–17, 19–25, 30–32, 34–65, 65A, 68), Sch 2 (items 63–66, 69, 71–79, 79A, 79B, 80–83, 83A, 84), Sch 4, Sch 5 (items 1–31, 34), Sch 6 and Sch 9 (items 5, 9, 26, 43, 55–57, 62, 63, 66, 67): 30 June 2000 (s 2(1)) Sch 1 (item 18): 1 pm (A.C.T.) 11 Nov 1999 (s 2(2)) Sch 1 (items 26–29, 33): 31 May 2000 (s 2(3)) Sch 2 (items 67, 68, 70): 1 July 2001 (s 2(5)) Sch 9 (items 1–4, 6–8, 10–25, 27–42, 44–54, 58–61, 64, 65, 68–73): 1 July 2000 (s 2(11)) | Amended by No 144 of 2000, effective Sch 2 (items 7–19) and Sch 3 (items 7(3), 8): 18 Dec 2000 (s 2(2) and gaz 2000, No S634) | Amended by No 77 of 2001, effective Sch 2 (items 149–476, 488): 30 June 2001 (s 2(1)) | Amended by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35) | Amended by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35) | Amended by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35) | Amended by No 136 of 2002, effective Sch 1 (items 1, 5): 31 May 2000 (s 2(1) items 2, 4) Sch 1 (items 2–4, 6–27), Sch 2 (items 18–28), Sch 3 (items 2–18) and Sch 4 (items 1, 2): 19 Dec 2002 (s 2(1) items 3, 5, 6) | Amended by No 139 of 2002, effective 19 Dec 2002 | Amended by No 65 of 2003, effective s. 4, Schedule 2, Schedule 3 (items 3–5) and Schedule 5 (item 3): Royal Assent | Amended by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A) | Amended by No 59 of 2004, effective Schedule 2 (items 36–42): 1 July 2004 | Amended by No 60 of 2004, effective 26 May 2004 | Amended by No 101 of 2004, effective s. 4, Schedule 1 (items 2–4), Schedule 9, Schedule 10 (items 7–37) and Schedule 11 (items 144–146): Royal Assent Sch 2 and Sch 7 (items 1–8): 30 June 2003 (s 2(1) items 3, 8) Sch 3: 1 July 2003 (s 2(1) item 4) Sch 11 (item 35): 30 June 2000 (s 2(1) item 13) Sch 11 (items 52–59, 88, 89): 1 July 2000 (s 2(1) item 14) Sch 11 (items 141–143): 1 July 2001 (s 2(1) item 16) | Amended by No 23 of 2005, effective s. 4, Schedule 1 (items 2–8, 11, 13–19, 21–24, 26, 27, 29–32), Schedule 2 (items 1–11, 14), Schedule 3 (items 1–13, 75–102, 111(1)–(3)), Schedules 4–6, 8, 10 and Schedule 12 (items 2–6, 11(1)): Royal Assent Schedule 12 (item 1): 1 July 2000 | Amended by No 55 of 2005, effective 25 May 2005 | Amended by No 66 of 2005, effective Schedules 1 and 2: 1 July 2005 Schedule 3: 20 Mar 2000 ( see s. 2(1)) Remainder: Royal Assent | Amended by No 41 of 2006, effective 22 May 2006 | Amended by No 58 of 2006, effective s. 4, Schedules 1, 2, Schedule 3 (items 1–3, 7), Schedule 4, Schedule 5 (items 1–3) and Schedule 7 (items 51–113, 213–216, 257–263): Royal Assent Sch 7 (items 179–188): 1 July 2004 (s 2(1) item 15) Sch 7 (item 189): 5 July 1999 (s 2(1) item 16) Sch 7 (item 190): 30 June 2000 (s 2(1) item 17) Sch 7 (item 191): 24 Oct 2002 (s 2(1) item 18) Sch 7 (item 192): 30 June 2004 (s 2(1) item 19) Sch 7 (item 193): 22 Dec 1999 (s 2(1) item 20) | Amended by No 101 of 2006, effective Schedules 3 and 4: 1 Jan 2008 Remainder: Royal Assent | Amended by No 136 of 2006, effective Schedules 1 and 2: 1 Dec 2006 ( see s. 2(1)) Remainder: Royal Assent | Amended by No 15 of 2007, effective s 4, Sch 1 (items 150–236, 240, 242–260, 406(1)–(3)), Sch 3 (items 8–44, 66) and Sch 4 (items 1–8): 15 Mar 2007 (s 2(1) items 1, 2, 6, 8, 9) Sch 2: 12 Apr 2007 (s 2(1) item 3) | Amended by No 66 of 2007, effective Schedule 1 (items 17–26) and Schedule 3 (items 13–16): Royal Assent | Amended by No 78 of 2007, effective Schedule 7 (items 2–14): 1 July 2005 Schedule 8 (items 350–353): 19 Dec 2002 (s 2(1) item 7) Remainder: Royal Assent | Amended by No 82 of 2007, effective Schedule 6 (items 39, 40): 1 July 2007 | Amended by No 113 of 2007, effective Schedule 1 (items 20–22): 1 July 2007 | Amended by No 114 of 2007, effective Schedule 1: 1 July 2007 Remainder: Royal Assent | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 182 of 2007, effective Schedule 1: 1 Oct 2007 Remainder: Royal Assent | Amended by No 183 of 2007, effective 1 Jan 2008 | Amended by No 184 of 2007, effective Schedule 3: 1 Jan 2008 | Amended by No 19 of 2008, effective Schedule 1 (items 17–25) and Schedule 3 (items 14–32): Royal Assent | Amended by No 38 of 2008, effective Schedule 1, Schedules 3–6, Schedule 7 (items 1–3, 5), Schedule 8 (items 1–11), Schedule 9 (items 2–4), Schedule 10, Schedule 12 and Schedule 13: 24 June 2008 Schedule 8 (items 12–21): 1 July 2012 | Amended by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5) | Amended by No 131 of 2008, effective Schedule 5 (items 3–12): Royal Assent | Amended by No 4 of 2009, effective Schedule 4 and Schedule 5 (items 6–14): Royal Assent | Amended by No 14 of 2009, effective Schedule 1, Schedule 4 (items 11–34, 52) and Schedule 5 (items 7–13): Royal Assent Schedule 5 (items 2, 3, 14): 29 Jan 2009 Schedule 5 (items 5, 6): 1 July 2011 | Amended by No 25 of 2009, effective Sch 1 (items 8–10): 18 Feb 2009 (s 2(1) item 3) | Amended by No 35 of 2009, effective Schedule 1 (items 13–15): Royal Assent | Amended by No 50 of 2009, effective Schedule 1 (items 15, 40, 41): Royal Assent | Amended by No 52 of 2009, effective Schedule 1 (items 1–3): 1 July 2009 | Amended by No 80 of 2009, effective Schedule 1 (items 13, 14): 11 Sept 2009 | Amended by No 118 of 2009, effective Sch 3 and Sch 6 (item 5): 4 Dec 2009 (s 2(1) items 7, 11) Sch 4: 1 July 2010 (s 2(1) item 8) Sch 6 (item 6): never commenced (s 2(1) item 12) Sch 6 (item 7): 30 June 2016 (s 2(1) item 12) | Amended by No 126 of 2009, effective Schedule 1 (items 1–17, 20): 9 June 2010 ( see s. 2(1)) | Amended by No 19 of 2010, effective Sch 1 (items 1–13, 16–20), Sch 3 (items 11, 12), Sch 4 (items 3–6) and Sch 5 (item 6): 24 Mar 2010 (s 2(1) items 2, 9, 11, 14) Sch 2 (items 1–11): 25 Mar 2010 (s 2(1) item 3) Sch 2 (items 12–26):repealed before commencing (s 2(1) item 4) Sch 3 (items 1, 2): 30 June 2000 (s 2(1) item 5) Sch 3 (items 4–8): 15 Mar 2007 (s 2(1) item 7) Sch 4 (items 1, 2): 4 June 2009 (s 2(1) item 10) Sch 5 (items 2, 3): 25 Feb 2009 (s 2(1) item 12) Sch 5 (items 4, 5): 1 July 2011 (s 2(1) item 13) | Amended by No 56 of 2010, effective s. 4, Schedule 3 (items 2–7, 10(1)–(4)), Schedule 4, Schedule 5 (items 1–3, 3A, 3B, 4–53, 55–72, 78–110, 112–129, 131–136, 141–146, 146A, 147, 148, 148A, 149, 150, 150A–150F, 151–188, 193–220) and Schedule 6 (items 1–11, 19–26, 56, 57, 115, 127–155): 3 June 2010 Schedule 2 (items 2, 4): 4 June 2010 Sch 5 (item 111): 26 Mar 2009 (s 2(1) item 11B) | Amended by No 75 of 2010, effective Sch 1 (items 34, 35) and Sch 6 (items 7–10): 29 June 2010 (s 2(1) items 2, 9) Sch 2 (item 26): 1 July 2010 (s 2(1) item 4) Sch 2 (item 27): never commenced (s 2(1) item 5) Sch 3, Sch 4 and Sch 5 (items 1, 7–9): 28 June 2010 (s 2(1) items 6, 7) Sch 5 (items 10, 11): 1 Jan 2018 (s 2(1) item 8) | Amended by No 93 of 2010, effective Schedule 2 (items 54–57): 1 July 2010 | Amended by No 31 of 2011, effective Schedule 1 (items 1, 2) and Schedule 2 (items 1, 2): 25 May 2011 (s 2(1) items 2, 4) Schedule 1 (item 4) and Schedule 2 (items 4, 5): 1 July 2014 (s 2(1) items 3, 5) Schedule 3 (items 32–36): 26 May 2011 (s 2(1) item 6) | Amended by No 41 of 2011, effective Schedule 1 (items 1–3): 1 Jan 2011 Schedule 1 (items 4–6) and Schedule 5 (items 25–29, 33, 36–50, 74–78, 80–145, 148–167, 173–175, 383–396, 400, 414–418): Royal Assent Schedule 5 (items 9, 18–20): 28 June 2011 Schedule 5 (items 51–54): 1 July 2011 | Amended by No 50 of 2011, effective Schedule 4 (items 1–3): 27 June 2011 (s 2(1) item 11) Schedule 4 (items 10, 11): 1 July 2014 (s 2(1) item 12) | Amended by No 129 of 2011, effective Sch 1 and Sch 3 (items 3–8): 3 Nov 2011 (s 2(1) items 2, 6) Sch 3 (items 1, 2): 22 Feb 2011 (s 2(1) item 5) Sch 3 (items 9, 10): 1 July 2013 (s 2(1) item 7) Sch 3 (items 11, 12): 1 July 2014 (s 2(1) item 8) Sch 3 (items 13, 14): 1 July 2015 (s 2(1) item 9) | Amended by No 141 of 2011, effective Schedule 10 (items 2–17): 14 May 2012 | Amended by No 12 of 2012, effective s 4, Sch 2 (items 1–23), Sch 5 and Sch 6 (items 3–6, 11–20, 25, 26, 35–67, 74–83, 94–96, 117–142, 157–178, 183, 200–203, 214–217, 235–240, 248): 21 Mar 2012 (s 2(1) items 1, 3, 5, 6, 10, 14, 18, 19, 27, 31) Sch 6 (item 7): 1 July 2007 (s 2(1) item 7) Sch 6 (item 10): 1 July 2010 (s 2(1) item 9) Sch 6 (items 106–116): 22 Mar 2012 (s 2(1) items 16, 17) Sch 6 (item 143): 22 Jan 2013 (s 2(1) item 20) Sch 6 (items 146–148): never commenced (s 2(1) item 23) Sch 6 (items 179, 181): 3 Oct 2008 (s 2(1) items 28, 30) Sch 6 (item 180): 3 June 2010 (s 2(1) item 29) | Amended by No 12 of 2012, effective s 4, Sch 2 (items 1–23), Sch 5 and Sch 6 (items 3–6, 11–20, 25, 26, 35–67, 74–83, 94–96, 117–142, 157–178, 183, 200–203, 214–217, 235–240, 248): 21 Mar 2012 (s 2(1) items 1, 3, 5, 6, 10, 14, 18, 19, 27, 31) Sch 6 (item 7): 1 July 2007 (s 2(1) item 7) Sch 6 (item 10): 1 July 2010 (s 2(1) item 9) Sch 6 (items 106–116): 22 Mar 2012 (s 2(1) items 16, 17) Sch 6 (item 143): 22 Jan 2013 (s 2(1) item 20) Sch 6 (items 146–148): never commenced (s 2(1) item 23) Sch 6 (items 179, 181): 3 Oct 2008 (s 2(1) items 28, 30) Sch 6 (item 180): 3 June 2010 (s 2(1) item 29) | Amended by No 49 of 2012, effective Schedule 1 (items 46, 47, 52) and Schedule 4 (items 10, 11): 1 July 2012 | Amended by No 50 of 2012, effective Schedule 3: 27 May 2012 | Amended by No 57 of 2012, effective Schedules 1–3: Royal Assent | Amended by No 58 of 2012, effective Schedule 1 (items 2–6): 21 June 2012 ( see s. 2(1)) Schedule 4: Royal Assent Schedule 5: 1 July 2012 | Amended by No 71 of 2012, effective Sch 1, Sch 2 and Sch 3 (items 1, 2): 27 June 2012 (s 2(1) items 2, 3) Sch 5 (items 1–3): 1 July 2012 (s 2(1) item 6) | Amended by No 5 of 2013, effective Sch 1 (items 14–20): 5 Mar 2013 (s 2) | Amended by No 44 of 2013, effective Sch 3: 28 May 2013 (s 2(1) item 14) | Amended by No 70 of 2013, effective Sch 2A (items 45–47, 67(9)): 1 Mar 2014 (s 2(1) item 9A) | Amended by No 85 of 2013, effective s 4, Sch 1, Sch 2 (items 1–3), Sch 4 (items 1–11) and Sch 7 (items 1, 7–10): 28 June 2013 (s 2(1) items 1–3, 7, 10) Sch 2 (item 6): 1 July 2016 (s 2(1) item 4) Sch 2 (items 7–9): 1 July 2017 (s 2(1) item 5) Sch 4 (items 12, 13): 1 July 2022 (s 2(1) item 8) Sch 4 (items 14, 15): 1 July 2023 (s 2(1) item 9) Sch 8 (items 1–48, 55–64): 26 Mar 2009 (s 2(1) item 11) | Amended by No 88 of 2013, effective s 4, Sch 1 (items 1–18), Sch 3 and Sch 7 (items 200–210, 236–242): 28 June 2013 (s 2(1) items 1, 2, 5, 21, 26) Sch 1 (items 33, 34): 1 July 2013 (s 2(1) item 3) Sch 5 (items 1–5, 7–9) and Sch 6 (items 3–41, 50–65): 29 June 2013 (s 2(1) items 8, 9, 14) Sch 7 (items 1–4): 1 July 2012 (s 2(1) item 15) | Amended by No 105 of 2013, effective Sch 2 (items 22–26, 28(3)): 1 July 2013 (s 2) | Amended by No 124 of 2013, effective Sch 1 (items 37–45), Sch 5 (items 7, 8(1)), Sch 7, Sch 8, Sch 10 (items 1–11, 13): 29 June 2013 (s 2(1) items 2, 10–12) Sch 2 (items 2–6, 21–42, 48): 11 July 2013 (s 2(1) item 3) Sch 2 (item 66): 11 July 2013 (s 2(1) item 5) Sch 10 (item 14): never commenced (s 2(1) item 13) Sch 11 (items 1–3): 3 Dec 2012 (s 2(1) item 15) Sch 11 (items 5, 6, 9): 28 June 2013 (s 2(1) item 16) Sch 11 (items 28, 32(1), 35–56): 30 June 2013 (s 2(1) items 18, 20, 22) | Amended by No 13 of 2014, effective Sch 2 (items 33–56): 1 July 2014 (s 2(1) item 3) Sch 2 (items 143, 144): 26 Feb 2014 (s 2(1) item 8) Sch 2 (items 147–149): 1 Oct 2014 (s 2(1) item 9) | Amended by No 35 of 2014, effective Sch 1 (items 9–12): 1 July 2014 (s 2) | Amended by No 96 of 2014, effective Sch 1 (items 14–45, 122–124), Sch 2 (items 1, 14–40, 42, 43) and Sch 3–5: 30 Sept 2014 (s 2(1) item 2) Sch 8 (items 15–22, 26) and Sch 9 (items 21, 22, 24): 31 Dec 2016 (s 2(1) items 7, 9) | Amended by No 109 of 2014, effective Sch 10 (items 13–15, 21–48): 17 Oct 2014 (s 2(1) item 8) | Amended by No 110 of 2014, effective Sch 1 and Sch 2 (items 2–5, 13–23): 17 Oct 2014 (s 2(1) item 2) Sch 3, Sch 4 (items 1, 3) and Sch 5 (items 16–67, 74–76, 84–91, 98–121): 16 Oct 2014 (s 2(1) items 3–5, 7) | Amended by No 2 of 2015, effective Sch 2 (items 1, 73, 111) and Sch 4 (items 1–8, 79): 25 Feb 2015 (s 2(1) items 3, 5, 6) Sch 2 (items 29–33): 1 July 2015 (s 2(1) item 4) | Amended by No 53 of 2015, effective Sch 1 (items 9–17, 19): 1 July 2016 (s 2) | Amended by No 128 of 2015, effective Sch 1 (items 29–31): 1 July 2017 (s 2(1) item 3) Sch 1 (items 32, 33): 17 Sept 2015 (s 2(1) item 4) | Amended by No 55 of 2016, effective Sch 3 (items 16–19): 1 July 2017 (s 2(1) item 4) Sch 4 (items 9–13): 1 Jan 2017 (s 2(1) item 5) Sch 22 and Sch 23 (items 2, 3, 22–24): 1 Oct 2016 (s 2(1) item 25) | Amended by No 22 of 2017, effective Sch 2 (items 6–8): 2 July 2018 (s 2(1) item 2) Sch 4: 5 Apr 2017 (s 2(1) item 5) | Amended by No 25 of 2017, effective Sch 3 (items 1–11) and Sch 4 (items 3–5): 5 Apr 2017 (s 2(1) items 4, 6) Sch 3 (items 12–14): 1 Sept 2017 (s 2(1) item 5) | Amended by No 46 of 2017, effective Sch 1 (items 10–16): 19 June 2017 (s 2(1) item 2) | Amended by No 59 of 2017, effective Sch 1 (items 26–33): 1 July 2017 (s 2(1) item 4) | Amended by No 128 of 2017, effective Sch 8 (items 11–15, 19, 26, 27): 1 Dec 2017 (s 2(1) item 10) | Amended by No 4 of 2018, effective Sch 6 (items 9–20, 27): 21 Feb 2018 (s 2(1) item 1) | Amended by No 124 of 2018, effective Sch 2, Sch 3 (items 1–3A, 6) and Sch 4: 1 Jan 2019 (s 2(1) item 1) | Amended by No 30 of 2019, effective Sch 1 and 2: 1 July 2019 (s 2(1) item 2) | Amended by No 42 of 2019, effective Sch 1 (items 1, 2) and Sch 2 (items 9–11): 6 Apr 2019 (s 2(1) item 2) | Amended by No 22 of 2020, effective Sch 1 (items 1–14), Sch 2 (items 1–6) and Sch 4 (items 12–22): 25 Mar 2020 (s 2(1) items 2, 4) Sch 3 (items 1, 2): 24 Mar 2020 (s 2(1) item 3) | Amended by No 38 of 2020, effective Sch 2 (items 3–6): 9 Apr 2020 (s 2(1) item 4) | Amended by No 97 of 2020, effective Sch 1 (items 28–36): 14 Nov 2020 (s 2(1) item 2) | Amended by No 107 of 2020, effective Sch 3 (items 2–9): 27 Nov 2020 (s 2(1) item 3) | Amended by No 61 of 2021, effective Sch 3 (items 1–3), Sch 4 and Sch 5: 1 July 2021 (s 2(1) items 4, 6) | Amended by No 141 of 2021, effective Sch 1 (items 1–3): 1 Jan 2022 (s 2(1) item 2) | Amended by No 142 of 2021, effective Sch 1 (items 15–20): 1 Jan 2022 (s 2(1) item 2) | Amended by No 14 of 2022, effective sch 2, 3, 6, sch 8 (items 1-9): 1 Apr 2022 (s 2(1) items 3, 7, 9) | Amended by No 40 of 2022, effective sch 1 (items 25-27): 14 Oct 2022 (s 2(1) item 1) | Amended by No 17 of 2025, effective sch 8 (items 38 ‑ 52): 1 July 2026 (s 2(1) item 6)

s 11-50 — Effect of this Subdivision

This Subdivision is a * Guide.

Amendment history: Inserted by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A)

s 11-55 — List of non ‑ assessable non ‑ exempt income provisions

The provisions set out in the list make amounts non ‑ assessable non ‑ exempt income. Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 . alienated personal services income associate, non ‑ deductible payment or obligation to 85 ‑ 20(3) entitlements to a share of net income that is personal services income already assessable to an individual ............................. 86 ‑ 35(2) payments by personal services entity or associate of personal services income already assessable to an individual 86 ‑ 35(1) personal services entity, amounts of personal services income assessable to an individual 86 ‑ 30 bonds see securities capital gains tax small business retirement exemption, payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section 152 ‑ 325 152 ‑ 310 cash flow boost payments in accordance with the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 59 ‑ 90 Coronavirus economic response certain payments in accordance with the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 59 ‑ 95 State and Territory grants to small business relating to the recovery from the coronavirus 59 ‑ 97 Commonwealth small business support payments relating to the coronavirus 59 ‑ 98 COVID ‑ 19 disaster payment 59 ‑ 96 demutualisation of friendly society health or life insurers amounts related to issue, or transfer from lost policy holders trust, of demutualisation assets 316 ‑ 255 payments received directly, or from lost policy holders trust, in exchange for cancellation or variation of interests under the demutualisation 316 ‑ 255 demutualisation of private health insurers market value of shares and rights at time of issue ...... 315 ‑ 310 payments received in exchange for cancellation or variation of interests under the demutualisation 315 ‑ 310 disasters 2019 ‑ 20 bushfires—payments for volunteer work with fire services 59 ‑ 55 2019 ‑ 20 bushfires—disaster relief payments and non ‑ cash benefits 59 ‑ 60 2019 floods—recovery grants ................... 59 ‑ 85 2019 floods—on ‑ farm grant program ....... 59 ‑ 86 2021 floods and storms—recovery grants ........... 59 ‑ 99 Cyclone Seroja—recovery grants ................ 59 ‑ 105 dividends demerger dividends ......................... 44(4) later dividend set off against amount taken to be dividend 109ZC(3), 109ZCA(4) electricity generation refund of large ‑ scale generation shortfall charge 59 ‑ 100 employment early retirement scheme payment, tax free amount of ... 83 ‑ 170 employment termination payment ............... 82 ‑ 10 82 ‑ 65 82 ‑ 70 foreign termination payment ................... 83 ‑ 235 83 ‑ 240 genuine redundancy payment, tax free amount of ..... 83 ‑ 170 unused long service leave payment, pre ‑ 16/8/78 period ............................... 83 ‑ 80 see superannuation and sections 82 ‑ 10A and 82 ‑ 10C of the Income Tax (Transitional Provisions) Act 1997 environment water infrastructure improvement payments ......... 59 ‑ 65 farm ‑ in farm ‑ out arrangements rewards for providing exploration benefits .......... 40 ‑ 1135 financial arrangements gains related to non ‑ assessable non ‑ exempt income 230 ‑ 30 firearms surrender arrangements compensation under ......................... 59 ‑ 10 foreign aspects of income taxation attributed controlled foreign company income, amounts paid out of 23AI attributed foreign investment fund income, amounts paid out of 23AK certain forex realisation gains ................... 775 ‑ 25 branch profits of Australian companies ............ 23AH distributions of conduit foreign income ............ 802 ‑ 20 income derived by foreign residents in exclusive economic zone or on or above continental shelf 768 ‑ 110 foreign equity distributions on participation interests ... 768 ‑ 5 income derived by temporary residents. ............ 768 ‑ 910 interest paid by temporary residents ............... 768 ‑ 980 managed investment trust withholding tax, amount subject to 840 ‑ 815 labour mobility program withholding tax, amount subject to 840 ‑ 915 superannuation fund, foreign, interest and dividend income of 128B(3)(jb) withholding tax, dividend royalty or interest subject to .. 128D GST GST payable on a taxable supply ................ 17 ‑ 5(a) increasing adjustments ....................... 17 ‑ 5(b) and (c) investment manager regime IMR concessions ........................... 842 ‑ 215 life insurance companies .......................... Subdivision 320 ‑ B mining withholding tax, payments to Indigenous persons and distributing bodies subject to 59 ‑ 15 mutual receipts amounts that would be mutual receipts but for prohibition on distributions to members or issue of MCIs 59 ‑ 35 National Rental Affordability Scheme payments made, and non ‑ cash benefits provided, by a State or Territory governmental body in relation to participation in the National Rental Affordability Scheme.................................................................. 380 ‑ 35 native title benefits native title benefits .......................... 59 ‑ 50 non ‑ cash benefits fringe benefits ............................. 23L(1) notional sale and loan arrangement payments a notional seller receives or is entitled to receive 240 ‑ 40 luxury car leases, lease payments that the lessor receives or is entitled to receive 242 ‑ 40 deemed loan treatment for financial benefits provided for tax preferred use of asset 250 ‑ 160 related entities amounts from, where deduction reduced for ......... 26 ‑ 35(4) repayable amounts previously assessable amounts .................. 59 ‑ 30 rights to acquire shares or units market value of at time of issue ................. 59 ‑ 40 small business assets income arising from CGT event, company or trust owned asset continuously for 15 years 152 ‑ 110(2) sovereign entities .............................. Subdivision 880 ‑ C superannuation benefits generally .......................... Divisions 301 to 306 commutation of income stream, under 25 years ....... 303 ‑ 5 death benefits ............................. 302 ‑ 60 302 ‑ 65 302 ‑ 70 302 ‑ 140 departing Australia superannuation benefits ......... 301 ‑ 175 foreign superannuation funds, lump sum benefits ..... 305 ‑ 60 305 ‑ 65 305 ‑ 70 KiwiSaver schemes, contributions to complying superannuation funds from 312 ‑ 10 KiwiSaver schemes, superannuation benefits paid from complying superannuation funds to 312 ‑ 15 KiwiSaver schemes, superannuation benefits paid by Commissioner to 312 ‑ 20 member benefits ........................... 301 ‑ 10 301 ‑ 15 301 ‑ 30 301 ‑ 225 payment to victim following perpetrator contributions release order 59 ‑ 110 release authorities, payments from ............... 303 ‑ 15 303 ‑ 20 roll ‑ over superannuation benefits .......... 306 ‑ 5 superannuation lump sum for recipient having terminal medical condition 303 ‑ 10 unclaimed money payment to government .......... 306 ‑ 20 tax loss transfers consideration received by loss company from income company, generally 170 ‑ 25(1) consideration received by loss company from income company, net capital loss 170 ‑ 125(1) consideration received for transfer of tax losses relating to transitioned petroleum activities 417 ‑ 70 temporary residents see foreign aspects of income taxation trading stock disposal outside ordinary course of business, amounts received upon 70 ‑ 90(2) transfer of entitlements to deductions consideration received for transfer of entitlements to deductions relating to transitioned petroleum activities 417 ‑ 70 trusts attributable income, amounts representing .......... 99B(2A) family trust distribution tax, amounts subject to ....... 271 ‑ 105(3) in Schedule 2F windfall amounts business franchise fees, refund of when invalid ....... 59 ‑ 20 State tax on Commonwealth place, refund of when invalid 59 ‑ 25 withholding taxes see foreign aspects of income taxation and mining

Amendment history: Inserted by No 66 of 2003, effective s 4, Sch 2 (items 1–5, 17), Sch 3 (items 49–70, 71–128, 129–131, 140, 141), Sch 4, Sch 6 (items 1, 3) and Sch 7 (items 6–9): 30 June 2003 (s 2(1) items 1, 3, 6–8, 8B–12, 12B, 14, 15, 17, 18) Sch 3 (items 70A, 128A): 2 Apr 2003 (s 2(1) items 8A, 12A) | Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16) | Amended by No 147 of 2005, effective Schedule 1 (items 4–168, 169(2), 170–176), Schedule 2 (items 1, 12–24, 26–28), Schedule 3, Schedule 4 (items 4–12), Schedule 5 (items 13, 14, 20), Schedule 6 (items 1, 2, 10(1)) and Schedule 7 (items 14–16, 20): Royal Assent | Amended by No 13 of 2006, effective 29 Mar 2006 | Amended by No 32 of 2006, effective 6 Apr 2006 | Amended by No 101 of 2006, effective Schedules 3 and 4: 1 Jan 2008 Remainder: Royal Assent | Amended by No 15 of 2007, effective s 4, Sch 1 (items 150–236, 240, 242–260, 406(1)–(3)), Sch 3 (items 8–44, 66) and Sch 4 (items 1–8): 15 Mar 2007 (s 2(1) items 1, 2, 6, 8, 9) Sch 2: 12 Apr 2007 (s 2(1) item 3) | Amended by No 164 of 2007, effective s. 4, Schedule 1 (items 1–24, 36–67, 71), Schedules 2–6, Schedule 7 (items 1–3, 5–12, 14), Schedule 8 (items 6–13), Schedule 9 and Schedule 10 (items 1, 7–25, 91, 92): Royal Assent Schedule 10 (items 57–88): 1 July 2010 Sch 12 (items 72–87): 27 Sept 2007 (s 2(1) item 9) | Amended by No 32 of 2008, effective 23 June 2008 | Amended by No 38 of 2008, effective Schedule 1, Schedules 3–6, Schedule 7 (items 1–3, 5), Schedule 8 (items 1–11), Schedule 9 (items 2–4), Schedule 10, Schedule 12 and Schedule 13: 24 June 2008 Schedule 8 (items 12–21): 1 July 2012 | Amended by No 45 of 2008, effective 26 June 2008 | Amended by No 91 of 2008, effective Schedule 1: Royal Assent | Amended by No 92 of 2008, effective Schedule 1 (items 10–22, 26): 1 Oct 2008 | Amended by No 97 of 2008, effective Sch 1 (items 3–12) and Sch 3 (items 44–173, 189): 3 Oct 2008 (s 2(1) items 2, 3–5) | Amended by No 130 of 2008, effective 1 July 2008 | Amended by No 6 of 2009, effective Schedule 1 (items 2, 3): 18 Feb 2009 ( see s. 2(1)) | Amended by No 15 of 2009, effective Sch 1 (items 1–30, 52–97, 102–105): 26 Mar 2009 (s 2(1) item 2) Sch 1 (items 106–112, 114): 17 Dec 2003 (s 2(1) item 3) | Amended by No 42 of 2009, effective Schedule 1 (items 17–26), Schedule 2 (items 2–16, 19–39, 41–48), Schedule 4 (items 2–12), Schedule 5 (items 1–12, 15) and Schedule 8 (items 1, 2, 5): Royal Assent Sch 2 (item 1): 21 June 2007 (s 2(1) item 3) Schedule 3: 1 July 2009 Schedule 8 (items 3, 4): 1 July 2011 | Amended by No 88 of 2009, effective s. 4, Schedule 3 (items 1, 5–23), Schedule 4 (items 2–5) and Schedule 5 (items 113–204, 237, 238, 258, 282, 319–341, 344): 18 Sept 2009 Schedule 2 (items 4–15, 25–27, 30, 31): 1 Oct 2009 Schedule 2 (item 23): 1 Jan 2010 | Amended by No 56 of 2010, effective s. 4, Schedule 3 (items 2–7, 10(1)–(4)), Schedule 4, Schedule 5 (items 1–3, 3A, 3B, 4–53, 55–72, 78–110, 112–129, 131–136, 141–146, 146A, 147, 148, 148A, 149, 150, 150A–150F, 151–188, 193–220) and Schedule 6 (items 1–11, 19–26, 56, 57, 115, 127–155): 3 June 2010 Schedule 2 (items 2, 4): 4 June 2010 Sch 5 (item 111): 26 Mar 2009 (s 2(1) item 11B) | Amended by No 75 of 2010, effective Sch 1 (items 34, 35) and Sch 6 (items 7–10): 29 June 2010 (s 2(1) items 2, 9) Sch 2 (item 26): 1 July 2010 (s 2(1) item 4) Sch 2 (item 27): never commenced (s 2(1) item 5) Sch 3, Sch 4 and Sch 5 (items 1, 7–9): 28 June 2010 (s 2(1) items 6, 7) Sch 5 (items 10, 11): 1 Jan 2018 (s 2(1) item 8) | Amended by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4) | Amended by No 114 of 2010, effective Schedule 1 (items 40–86, 93(1), 95): Royal Assent | Amended by No 136 of 2010, effective s. 4, Schedule 2, Schedule 3 (items 95, 135–149), Schedule 4, Schedule 6 (items 2–4, 6, 7) and Schedule 7 (items 1, 2, 4): Royal Assent Sch 3 (items 3–94, 96–130): 26 Mar 2009 (s 2(1) items 3, 5) Sch 3 (item 131): 1 July 2010 (s 2(1) item 6) Sch 6 (items 1, 5): 1 Apr 2010 (s 2(1) items 11, 13) | Amended by No 145 of 2010, effective Schedule 2 (items 34–51) and Schedule 3 (items 7–15): 17 Dec 2010 | Amended by No 31 of 2011, effective Schedule 1 (items 1, 2) and Schedule 2 (items 1, 2): 25 May 2011 (s 2(1) items 2, 4) Schedule 1 (item 4) and Schedule 2 (items 4, 5): 1 July 2014 (s 2(1) items 3, 5) Schedule 3 (items 32–36): 26 May 2011 (s 2(1) item 6) | Amended by No 31 of 2011, effective Schedule 1 (items 1, 2) and Schedule 2 (items 1, 2): 25 May 2011 (s 2(1) items 2, 4) Schedule 1 (item 4) and Schedule 2 (items 4, 5): 1 July 2014 (s 2(1) items 3, 5) Schedule 3 (items 32–36): 26 May 2011 (s 2(1) item 6) | Amended by No 58 of 2012, effective Schedule 1 (items 2–6): 21 June 2012 ( see s. 2(1)) Schedule 4: Royal Assent Schedule 5: 1 July 2012 | Amended by No 181 of 2012, effective Sch 1 (items 1–8, 12): 1 July 2013 (s 2(1) item 2) | Amended by No 82 of 2013, effective Sch 1 (item 1) and Sch 3 (items 1, 6–11, 39): 28 June 2013 (s 2) | Amended by No 84 of 2013, effective s 4, Sch 1 (items 2–9, 19–23), Sch 2, Sch 3, Sch 6 and Sch 8 (items 27–32): 28 June 2013 (s 2(1) items 1, 2, 4) | Amended by No 88 of 2013, effective s 4, Sch 1 (items 1–18), Sch 3 and Sch 7 (items 200–210, 236–242): 28 June 2013 (s 2(1) items 1, 2, 5, 21, 26) Sch 1 (items 33, 34): 1 July 2013 (s 2(1) item 3) Sch 5 (items 1–5, 7–9) and Sch 6 (items 3–41, 50–65): 29 June 2013 (s 2(1) items 8, 9, 14) Sch 7 (items 1–4): 1 July 2012 (s 2(1) item 15) | Amended by No 118 of 2013, effective Sch 1 (items 1, 4–11, 16–26, 38–79, 88–96, 110): 29 June 2013 (s 2(1) items 2–5, 11) Sch 1 (item 97): 1 July 2013 (s 2(1) item 6) | Amended by No 32 of 2014, effective Sch 1 (items 5, 6): 1 July 2016 (s 2(1) item 3) | Amended by No 110 of 2014, effective Sch 1 and Sch 2 (items 2–5, 13–23): 17 Oct 2014 (s 2(1) item 2) Sch 3, Sch 4 (items 1, 3) and Sch 5 (items 16–67, 74–76, 84–91, 98–121): 16 Oct 2014 (s 2(1) items 3–5, 7) | Amended by No 2 of 2015, effective Sch 2 (items 1, 73, 111) and Sch 4 (items 1–8, 79): 25 Feb 2015 (s 2(1) items 3, 5, 6) Sch 2 (items 29–33): 1 July 2015 (s 2(1) item 4) | Amended by No 21 of 2015, effective s 4 and Sch 6 (items 1, 2, 16–25, 73): 19 Mar 2015 (s 2(1) items 1, 7–11, 13) Sch 1 (items 1–17, 49), Sch 3 and Sch 7 (items 13–21): 20 Mar 2015 (s 2(1) items 2, 4, 15) Sch 4 (items 1–5, 9–17): 1 July 2015 (s 2(1) item 5) Sch 6 (items 51–59, 74–79): never commences (s 2(1) items 12, 14) | Amended by No 70 of 2015, effective Sch 1 (items 65–108, 188–192, 195–205): 1 July 2015 (s 2(1) items 3, 4, 6) Sch 2 (items 17, 24–29, 34–39), Sch 6 (items 13–30, 32–38) and Sch 7 (items 1, 5–11): 25 June 2015 (s 2(1) items 7, 11, 13, 20) Sch 4 (items 1, 2) and Sch 5 (item 1): 26 June 2015 (s 2(1) items 7A, 8) Sch 4 (items 3, 4): 1 July 2025 (s 2(1) item 7B) Sch 6 (item 31): 29 June 2013 (s 2(1) item 12) The commencement date for amendments made by the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 Sch 4 (items 1, 2) was retrospectively changed from 25 June 2015 to 26 June 2015 | Amended by No 130 of 2015, effective s 4, Sch 1 (items 1–3, 5–21) and Sch 3 (items 1–5): 16 Sept 2015 (s 2(1) items 1, 2, 4) Sch 2: 1 July 2015 (s 2(1) item 3) Sch 4 (items 1–52, 54–58): 17 Sept 2015 (s 2(1) item 5) | Amended by No 47 of 2016, effective Sch 6 (items 16–25): 6 May 2016 (s 2(1) item 8) | Amended by No 81 of 2016, effective Sch 1 (items 2–6, 26–32, 36), Sch 2 (items 1–8, 13–18, 20), Sch 3 (items 1–5, 9), Sch 5–8, Sch 9 (items 1–3, 5), Sch 10 (items 72–80, 93) and Sch 11: 1 Jan 2017 (s 2(1) items 2, 4, 6, 9) Sch 10 (items 2–27, 49–54): 1 July 2018 (s 2(1) item 5) | Amended by No 30 of 2019, effective Sch 1 and 2: 1 July 2019 (s 2(1) item 2) | Amended by No 34 of 2019, effective Sch 1 (items 1–5, 12, 13, 16), Sch 2, Sch 4 (items 3–6, 8, 9) and Sch 5 (items 1, 2, 5): 1 July 2019 (s 2(1) items 2, 3) | Amended by No 37 of 2019, effective Sch 2 (items 17–22): 6 Apr 2019 (s 2(1) item 1) | Amended by No 59 of 2019, effective Sch 1 and Sch 2 (items 9–20): 30 Aug 2019 (s 2(1) item 2) | Amended by No 1 of 2020, effective 14 Feb 2020 (s 2(1) item 1) | Amended by No 22 of 2020, effective Sch 1 (items 1–14), Sch 2 (items 1–6) and Sch 4 (items 12–22): 25 Mar 2020 (s 2(1) items 2, 4) Sch 3 (items 1, 2): 24 Mar 2020 (s 2(1) item 3) | Amended by No 38 of 2020, effective Sch 2 (items 3–6): 9 Apr 2020 (s 2(1) item 4) | Amended by No 118 of 2020, effective Sch 1: 12 Dec 2020 (s 2(1) item 2) Sch 2 (items 1–6): 11 Dec 2021 (s 2(1) item 3) Sch 3: 1 Jan 2021 (s 2(1) item 5) | Amended by No 61 of 2021, effective Sch 3 (items 1–3), Sch 4 and Sch 5: 1 July 2021 (s 2(1) items 4, 6) | Amended by No 79 of 2021, effective Sch 3 and Sch 5: 11 Aug 2021 (s 2(1) item 1) | Amended by No 110 of 2021, effective Sch 1 and Sch 2 (items 8–13): 1 Oct 2021 (s 2(1) item 2) | Amended by No 111 of 2021, effective Sch 1 and 3: 1 Oct 2021 (s 2(1) items 2, 4) | Amended by No 35 of 2022, effective sch 1 (items 1-3), sch 3 (items 2, 3): 1 Oct 2022 (s 2(1) items 2, 4) | Amended by No 75 of 2022, effective sch 4 (items 2-21, 38): 1 July 2022 (s 2(1) item 4) | Amended by No 47 of 2026, effective sch 1 (items 6-11): 21 May 2026 (s 2(1) item 1)

s 12-1 — Effect of this Division

This Division is a * Guide.

Amendment history: Inserted by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35)

s 12-5 — List of provisions about deductions

The provisions set out in the table contain rules about specific types of deduction. Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936. accrued leave transfer payments .................................... 26 ‑ 10 advance expenditure generally ................................ 82KZL to 82KZO avoidance arrangements ...................... 82KJ when deductible ........................... 82KZM to 82KZN Australian apprenticeship support loan payment made to reduce a debt to the Commonwealth under the Australian Apprenticeship Support Loans Act 2014 , no deduction unless provided as fringe benefit 26 ‑ 20 Australian IIR/UTPR tax and Australian DMT tax no deduction ............................. 26 ‑ 99C see also tax related expenses bad debts deduction reduced because of forgiveness of debt if debtor and creditor are companies under common ownership and agree on the reduction 245 ‑ 90 general ................................. 25 ‑ 35, 63F companies ............................... Subdivisions 165 ‑ C, 166 ‑ C and 175 ‑ C debt/equity swaps .......................... 63E, 63F , 709 ‑ 220 deduction of a debt that used to be owed to a member of a consolidated group or MEC group by an entity that used to be a member of the group Subdivisions 709 ‑ D and 719 ‑ I money lenders, listed country branches, no deduction for 63D see also losses balancing adjustment see buildings , capital allowances , industrial property , R&D and tax exempt entities banks foreign banks, Australian branches of ............. 160ZZVA to 160ZZZJ boats deferral of deductions ....................... 26 ‑ 47 borrowing expenses .................................... 25 ‑ 25 bribes to foreign public officials .................... 26 ‑ 52 bribes to public officials .......................... 26 ‑ 53 buildings build to rent development misuse tax, no deduction for .. 26 ‑ 99B income producing buildings, capital allowances ...... Division 43 see also heritage conservation work capital allowances generally ................................ Division 40 balancing adjustments ....................... 40 ‑ 285(2), 40 ‑ 370 business related costs ........................ 40 ‑ 880 electricity and telephone lines .................. 40 ‑ 645 environmental protection activities ............... 40 ‑ 755 exploration or prospecting .................... 40 ‑ 80(1), 40 ‑ 730 in ‑ house software .................... 40 ‑ 335, 40 ‑ 455 intellectual property ........................ Subdivisions 40 ‑ B and 40 ‑ I IRUs .................................. Subdivision 40 ‑ B landcare operations ......................... 40 ‑ 630 low ‑ value and software development pools ... Subdivision 40 ‑ E mining and quarrying ........................ Subdivision 40 ‑ H and Subdivision 40 ‑ I new business investment, additional deduction ....... Division 41 Petroleum Resource Rent Tax .................. 40 ‑ 750 project pools ............................. 40 ‑ 830, 40 ‑ 832 reducing deductions ........................ 40 ‑ 25, 40 ‑ 27, 40 ‑ 290 and 40 ‑ 291 spectrum licences .......................... Subdivision 40 ‑ B tax preferred use of asset ...................... Division 250 telecommunications site access rights ............. Subdivision 40 ‑ B trees in carbon sink forests .................... Subdivision 40 ‑ J water facilities, horticultural plants, fodder storage assets and fencing assets Subdivision 40 ‑ F capital gains no deduction for an amount that would otherwise be deductible only because a net capital gain is included in assessable income 51AAA small business retirement exemption, no deduction for payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section 152 ‑ 325 152 ‑ 310 see also foreign residents capital loss net capital loss, no deduction for ................ 102 ‑ 10 net capital loss, transfer within company group ....... Subdivision 170 ‑ B car disposal see capital allowances car expenses generally ................................ Division 28 “cents per kilometre” method .................. Subdivision 28 ‑ C “log book” method ......................... Subdivisions 28 ‑ F and 28 ‑ G substantiation of car expenses .................. Division 900 see also transport expenses car expenses of employee employee’s car expenses where car provided by employer can be used for private purposes, no deduction for . 51AF carried interests carried interests, no deduction for ................ 118 ‑ 21 car parking employee’s car parking expenses, no deduction for .... 51AGA children’s income generally ................................ 102AA to 102AH taxable income of a child, deductions taken into consideration in calculating 102AD club fees club fees, no deduction for .................... 26 ‑ 45 see also subscriptions to associations Commonwealth places windfall tax .................................... 26 ‑ 17 companies, co ‑ operative and mutual generally ................................ 117 to 121 distributions of assessable income ............... 120 companies, private excessive payments to shareholders directors and associates, reduced deduction 109 conservation covenants .................................... Division 31 consolidated groups and MEC groups assets in relation to Division 230 financial arrangement ............................ 701 ‑ 61(4) controlled foreign companies generally ................................ 316 to 468 bad debts ................................ 399A decline in value of depreciating assets ............. 398 finance share dividends ...................... 394 taxes paid ............................... 393 convertible notes see interest copyrights expenditure in obtaining registration .............. Subdivisions 40 ‑ B and 40 ‑ I COVID ‑ 19 expenditure on COVID ‑ 19 tests ........... 25 ‑ 125 cross staple arrangements rent from land investment ..................... 25 ‑ 115, 25 ‑ 120 currency exchange gains and losses see foreign exchange death of timber owner see timber debt interests certain returns in respect of debt interests ........... 25 ‑ 85 depreciation see capital allowances designs expenditure in obtaining or extending registration ..... Subdivisions 40 ‑ B and 40 ‑ I disposal of depreciating assets see capital allowances dividends dividends including LIC capital gain component ...... 115 ‑ 280 franking credits, companies and foreign residents ...... 207 ‑ 95(2), 207 ‑ 95(3), 220 ‑ 405(3) franking credits, pooled development funds (PDFs) .... 124ZM non ‑ share equity interests, no deduction for return in respect of 26 ‑ 26 unfranked non ‑ portfolio dividends ......... 46FA education expenses Higher Education Contribution Scheme, no deduction unless provided as fringe benefit 26 ‑ 20 see also overseas debtors repayment levy see also student start ‑ up loans see also VET student loans election expenses Federal and State Parliament election expenses ....... 25 ‑ 60, 25 ‑ 70 local government election expenses, limited deduction for 25 ‑ 65, 25 ‑ 70 electricity connections see capital allowances embezzlement see theft employees labour mobility programs, delayed deduction for salary, wages etc. paid to employees under program until labour mobility program withholding tax payable has been paid 26 ‑ 25A pensions, gratuities or retiring allowances for ex ‑ employees 25 ‑ 50 see also shares entertainment expenditure, no deduction for some .............. Division 32 meal entertainment, calculation of deductible amount ... 51AEA to 51AEC environment see capital allowances excess non ‑ concessional contributions tax no deduction ............................. 26 ‑ 75 exploration and prospecting see capital allowances family no deduction for maintaining spouse or child ......... 26 ‑ 40 farm management deposits see primary production film licensed investment companies (FLICs) see shares financial arrangements losses from ............................... 230 ‑ 15(2) and (3) see also borrowing expenses , interest , leases and securities foreign exchange losses .................................. 775 ‑ 30 foreign financial entities’ Australian permanent establishments generally ................................ Part IIIB thin capitalisation .......................... Subdivision 820 ‑ FB transfer of losses ........................... Subdivisions 170 ‑ A and 170 ‑ B forestry managed investment schemes payments under scheme ...................... 394 ‑ 10(1) franchise fees windfall tax .................................... 26 ‑ 15 freight freight for shipped goods ..................... 135A fringe benefits contributions for private component, no deduction for .. 51AJ employee’s car expenses where car provided by employer can be used for private purposes, no deduction for 51AF employee’s car parking expenses, no deduction for .... 51AGA expense payment fringe benefits, reduced deduction ... 51AH general insurance companies and companies that self insure claims paid ............................... 321 ‑ 25 and 321 ‑ 95 increase in value of adjusted liability for incurred claims . 321 ‑ 15 increase in value of adjusted liability for remaining coverage 321 ‑ 55 increase in value of outstanding claims liability ....... 321 ‑ 85 gifts general ................................. Division 30 limit on deduction .......................... 26 ‑ 55 see also tax avoidance schemes horticultural plants see capital allowances higher education assistance 26 ‑ 20 hybrid mismatch rules disallowing of deductions ..................... Division 832 illegal activities 26 ‑ 54 income equalisation deposits see primary production industrial property see intellectual property and R&D infrastructure see tax losses insurance with non ‑ residents generally ................................ 141 to 148 insurance premiums, no deduction unless arrangement to pay tax 145 reinsurance, no deduction for resident carrying on insurance business in Australia for reinsurance premiums paid to a non ‑ resident 148 intellectual property see capital allowances interest convertible notes, interest on, generally ............ 82L to 82T foreign residents, debt creation involving, generally .... 159GZY to 159GZZF foreign residents, delayed deduction for interest paid to until withholding tax payable has been paid 26 ‑ 25 life assurance premiums, interest etc. on loans to finance, no deduction for 26 ‑ 85 superannuation contributions, interest etc. on loans to finance, no deduction for 26 ‑ 80 underpayment or late payment of tax, interest for ..... 25 ‑ 5 international agreements see transfer pricing international profit shifting see transfer pricing investment company see shares IRUs see capital allowances land land degradation, see primary production vacant land, limit on deduction .................. 26 ‑ 102 lease document expenses .................................... 25 ‑ 20 lease, authority, licence, permit or quota expenditure to terminate ...................... 25 ‑ 110 leases finance leases and arrangements, use of property if end ‑ user an exempt public body or use outside Australia to produce exempt income 159GE to 159GO leases of assets being put to tax preferred use ........ Division 250 leveraged arrangements, property used: • other than to produce assessable income; or • by a non ‑ resident outside Australia; or • by a previous owner .................................... 51AD payment for failure to comply with lease obligation to repair premises 25 ‑ 15 leases of luxury cars accrual amounts ........................... 242 ‑ 35 adjustment amounts (lessee) 242 ‑ 70 adjustment amounts (lessor) 242 ‑ 65 lease payments not deductible .................. 242 ‑ 55 payments to acquire car not deductible ............. 242 ‑ 85 leave payments accrued leave transfer payments ................. 26 ‑ 10 no deduction for leave payments until paid .......... 26 ‑ 10 leisure facilities no deduction for ........................... 26 ‑ 50 life insurance companies .......................... Subdivision 320 ‑ C limited recourse debt later payments ............................. 243 ‑ 45 later payments (replacement debt) 243 ‑ 50 loans see borrowing expenses , interest and securities losses foreign exchange .......................... 775 ‑ 30 profit ‑ making undertaking or scheme ....... 25 ‑ 40 property sale ............................. 25 ‑ 40 traditional securities, loss on disposal or redemption of 70B see also tax losses managed investment trusts losses from carried interests .................... 275 ‑ 200(4) management and investment company shares see shares membership of associations see subscriptions to associations mining Laminaria and Corallina decommissioning levy ...... 26 ‑ 96 see also capital allowances misappropriation by employee or agent ........................ 25 ‑ 47 mortgage expenses of discharging a mortgage .............. 25 ‑ 30 motor vehicles see car expenses and leases National Disability Insurance Scheme National Disability Insurance Scheme expenditure ..... 26 ‑ 97 non ‑ cash transactions non ‑ cash business benefits .............. 51AK non ‑ cash consideration, money value deemed to have been paid or given 21 non ‑ commercial business activities deferral of non ‑ commercial losses .......... Division 35 non ‑ resident trust estates generally ................................ 102AAA to 102AAZG modified application of depreciation provisions . ...... 102AAY modified application of trading stock provisions ...... 102AAZ no deductions allowable under Division 36 ......... 102AAZC notional sales and loans adjustment amounts (lessee) 240 ‑ 110(1) adjustment amounts (lessor) 240 ‑ 105(3) arrangement payments, no deduction for ........... 240 ‑ 55 notional interest ............................ 240 ‑ 50, 250 ‑ 155 deemed loan treatment for financial benefits provided for tax preferred use of asset Subdivision 250 ‑ C payments to acquire property, no deduction for ....... 240 ‑ 85 offshore banking units generally ................................ 121B to 121EL overseas debtors repayment levy payment made to reduce a liability to overseas debtors repayment levy under the Student Loans (Overseas Debtors Repayment Levy) Act 2015 , no deduction unless provided as fringe benefit 26 ‑ 20 partnerships foreign hybrid loss exposure adjustment ............ ............................. 830 ‑ 50 losses, partner’s share of partnership loss ........... 90, 92 patents expenditure relating to grant of patents, etc. ......... Subdivisions 40 ‑ B and 40 ‑ I penalties no deduction for penalties ..................... 26 ‑ 5 personal services income alienated personal services income ............... Subdivision 86 ‑ B general ................................. Division 85 political contributions and gifts denial of certain deductions .................... 26 ‑ 22 deductions for individuals ..................... Subdivision 30 ‑ DA pooled development funds (PDFs) .................................... 124ZM to 124ZZD prepaid expenditure see advance expenditure primary production farm management deposits .................... Division 393 see also capital allowances and timber property arrangements relating to assets being put to tax preferred use Division 250 arrangements relating to use of property if end ‑ user an exempt public body or use outside Australia to produce exempt income 159GE to 159GO leveraged arrangements, property used: • other than to produce assessable income; or • by a non ‑ resident outside Australia; or • by a previous owner .................................... 51AD sale of property, profit or loss .................. 82(2) see also capital allowances and losses public trading trusts generally ................................ 102M to 102T qualifying securities see securities R&D Division 355 rates and land taxes premises used to produce mutual receipts ........... 25 ‑ 75 rebatable benefits no deduction for ........................... 26 ‑ 19 registered emissions units expenditure incurred in becoming the holder of ....... 420 ‑ 15 expenditure incurred in ceasing to hold ............ 420 ‑ 42 excess of opening over closing value of.......... ........ 420 ‑ 45 reimbursements expense payment fringe benefits, reduced deduction ... 51AH reinsurance see insurance with non ‑ residents related entities (including relatives) reduction of deduction for payment or liability to ...... 26 ‑ 35, 65(1B) and (1C) repairs general ................................. 25 ‑ 10 repair covenants, payment for non ‑ compliance with covenant to repair under lease 25 ‑ 15 roads see timber royalties royalty, no deduction for royalty paid to a foreign resident until the withholding tax payable has been paid 26 ‑ 25 scientific research see R&D securities qualifying securities ........................ 159GP to 159GZ substituted securities ........................ 23K traditional securities, loss on disposal or redemption of 70B shares buy ‑ backs ......................... 159GZZZJ to 159GZZZT cancellation of subsidiary’s shares in holding company . 159GZZZC to 159GZZZI employee share schemes, deduction for provider of ESS interests Subdivision 83A ‑ D see also dividends and securities Software see capital allowances spectrum licences see capital allowances State or Territory bodies (STBs) body ceasing to be STB, some deductions not allowed .. 24AW to 24AYA student start ‑ up loans payment made to reduce a debt to the Commonwealth under Chapter 2AA of the Social Security Act 1991 (student start ‑ up loans), no deduction unless provided as fringe benefit 26 ‑ 20 payment made to reduce a debt to the Commonwealth under Part 2 of the Student Assistance Act 1973 (ABSTUDY student start ‑ up loans), no deduction unless provided as fringe benefit 26 ‑ 20 subscriptions to associations .................................... 25 ‑ 55 substantiation work, travel and car expenses .................. Division 900 superannuation see insurance and annuity business and interest superannuation and related business generally ................................ Part 3 ‑ 30 asset disposals ............................ 295 ‑ 85 death or disability benefits, deduction for future service element 295 ‑ 470 death or disability cover, premiums for ............ 295 ‑ 465 financial assistance levy ...................... 295 ‑ 490(1) (table item 3) financial product advice subsection 295 ‑ 490(1) (table item 5) superannuation contributions surcharge no deduction ............................. 26 ‑ 60 superannuation—deductibility of contributions generally .......... ............................ Division 290 contributions for employees etc. ................. Subdivision 290 ‑ B contributions to non ‑ complying funds ....... sections 290 ‑ 10 and 290 ‑ 75 first home super saver scheme re ‑ contribution . section 290 ‑ 168 limit on deduction .......................... 26 ‑ 55 no deduction under any other provision of the Act ..... section 290 ‑ 10 personal contributions ....................... Subdivision 290 ‑ C superannuation—Division 296 tax no deduction for ........................... 26 ‑ 99A superannuation supervisory levy late lodgment amount, no deduction for ............ 26 ‑ 90 tax agent’s fees see tax related expenses tax avoidance schemes companies, use of tax losses or deductions to avoid tax . Division 175 diverted assessable income .................... 121F to 121L dividend stripping .......................... 177E gifts ................................... 78A imputation, manipulation of .................... 207 ‑ 150(2), 207 ‑ 150(3) prepaid outgoings to avoid tax .................. 82KJ recouped expenditure ........................ 82KH to 82KL tax avoidance scheme, no deduction allowable where deduction the result of 177A to 177G trading stock ............................. 70 ‑ 20, 52A tax exempt entities treatment of losses and outgoings on becoming taxable ............................... Schedule 2D tax losses bad debts, companies ........................ 165 ‑ 120 change of ownership or control of a company generally ......................... Division 165 for earlier income years ............... Subdivision 165 ‑ A for income year of the change ........... Subdivision 165 ‑ B designated infrastructure project entities ........... Division 415 earlier income years ........................ Division 36 life insurance companies ...................... Subdivision 320 ‑ D pooled development funds .................... Subdivision 195 ‑ A transfer between companies in same wholly ‑ owned group ................................ Subdivision 170 ‑ A tax preferred asset financing generally ................................ Division 250 denial of capital allowance deductions in relation to asset being put to tax preferred use 250 ‑ 145 reduction in capital allowance deductions in relation to asset being put to tax preferred use 250 ‑ 150 tax related expenses .................................... 25 ‑ 5 telecommunications site access rights see capital allowances telephone lines see primary production theft by employee or agent ........................ 25 ‑ 45 thin capitalisation disallowing of deductions ..................... Division 820 previously FRT disallowed amounts .............. 820 ‑ 56 timber death of owner of land carrying trees, deduction of the part of land cost attributable to trees 70 ‑ 120 disposal of land carrying trees, deduction of the part of land cost attributable to trees 70 ‑ 120 felling trees, deduction of cost of land attributable to trees felled or of cost of right to fell trees 70 ‑ 120 see also capital allowances trading ships see capital allowances trading stock Commissioner may determine whether consideration paid for chose in action is reasonable 52A excess of opening stock over closing value .......... 70 ‑ 35(3) expenditure deemed not to be of a capital nature ...... 70 ‑ 25 prepayments, when stock becomes trading stock on hand ................................ 70 ‑ 15 see also tax avoidance schemes and timber traditional securities see securities training guarantee training guarantee charge, no deduction for ......... 51(7) transfer pricing arm’s length principle for cross ‑ border conditions between entities Subdivision 815 ‑ B arm’s length principle for permanent establishments .... Subdivision 815 ‑ C transport expenses incurred in travel between workplaces ............. 25 ‑ 100 travel expenses accompanying relatives, no deduction for some travel expenses 26 ‑ 30 travel related to the use of residential premises as residential accommodation 26 ‑ 31 see also substantiation trees in carbon sink forests see capital allowances trusts trust income, deductions considered in calculating ..... 95 to 102 see also foreign residents , non ‑ resident trust estates and public trading trusts uniforms non ‑ compulsory uniforms .............. Division 34 uranium mining see mining VET student loans payment made to reduce a debt to the Commonwealth under Part 3A of the VET Student Loans Act 2016 (VETSL debts), no deduction unless provided as fringe benefit 26 ‑ 20 water facilities improvements ............................. 26 ‑ 100 see also capital allowances work expenses standard deduction for work ‑ related expenses . 25 ‑ 130 see also substantiation work in progress payment of a work in progress amount ............ 25 ‑ 95

Amendment history: Amended by No 121 of 1997, effective s 4: 8 July 1997 (s 2(1)) Sch 1, Sch 2 (items 3–17), Sch 3 (items 3–30), Sch 4 (items 5–62, Sch 5 (items 3–42), Sch 6 (items 3–67), Sch7 (items 2–4), Sch 8 (items 2–31), Sch 9 (items 3–15), Sch 10 (items 2–11), Sch 11 (items 2–36) and Sch 12 (items 1–14): 1 July 1997 (s 2(2), (3), (4) (5)) | Amended by No 134 of 1997, effective s 4(2) and Sch 1 (items 3–6): 19 Sept 1997 (s 2) | Amended by No 147 of 1997, effective s 4 and Sch 2 (items 2–7): 14 Oct 1997 (s 2(1)) Sch 6 (items 10–13): 1 July 1997 (s 2(3)) Sch 14 (items 43–60): 1 July 1997 (s 2(7)) Sch 15 (items 7–13): 1 July 1997 (s 2(9)) | Amended by No 174 of 1997, effective Sch 6 (items 1–16, 23(1)) and Sch 9 (items 1–23, 30(1)): 21 Nov 1997 (s 2(1), (3)) | Amended by No 191 of 1997, effective Sch 2: 7 Dec 1997 (s 2(1)) | Amended by No 16 of 1998, effective s 4, Sch 3–5, Sch 10 (items 1–19) and Sch 11: 16 Apr 1998 (s 2(1)) | Amended by No 23 of 1998, effective 17 Apr 1998 | Amended by No 46 of 1998, effective s 4, Sch 1, Sch 2 (items 4–48), Sch 3 (items 3–12), Sch 4 (items 2–11), Sch 5 (items 3–5), Sch 6 (items 2–7), Sch 7 (items 2–11), Sch 9 (items 2–6, 8) and Sch 10: 22 June 1998 (s 2(1)–(4)) | Amended by No 85 of 1998, effective 2 Jan 1999 | Amended by No 108 of 1998, effective 7 Dec 1998 ( see s. 2) | Amended by No 16 of 1999, effective s 4, Sch 3 (items 11, 12(3)), Sch 4 and Sch 7 (items 9–14): 9 Apr 1999 (s 2(1)) | Amended by No 39 of 1999, effective 31 May 1999 | Amended by No 54 of 1999, effective 5 July 1999 (s 2(1), (2)) | Amended by No 83 of 1999, effective Sch 10 (items 24–54, 68(1), 69): 1 July 2000 (s 2(2)) | Amended by No 164 of 1999, effective Sch 1, Sch 2 (items 1–16, 19–23), Sch 3 (items 1–10, 14) and Sch 4–6: 10 Dec 1999 (s 2(1)) Sch 2 (items 17, 18): never commenced (s 2(2)) | Amended by No 169 of 1999, effective Sch 5 (items 1–12): 22 Feb 1999 (s 2(2)) Sch 1 (items 1–13, 18), Sch 2 (items 1–3, 5), Sch 3 (items 1–4, 7), Sch 4 (items 1–15, 19), Sch 6, Sch 7 (item 11), Sch 8, Sch 9 (items 1–14, 23–33) and Sch 10: 10 Dec 1999 (s 2(1)) | Amended by No 176 of 1999, effective Sch 3: 1 July 2000 (s 2(9)) | Amended by No 177 of 1999, effective Sch 5: 22 Dec 1999 (s 2(1)) Sch 8 (items 1–6): 1 July 2000 (s 2(10)) | Amended by No 179 of 1999, effective Sch 7, Sch 8, Sch 16 (items 18, 19, 37) and Sch 18: 22 Dec 1999 (s 2(1), (7)(d), (e)) Sch 11 (items 80–105) and Sch 18 (items 4, 5, 17, 21, 32): 1 July 2000 (s 2(9)(b), (14)) | Amended by No 58 of 2000, effective s 4, Sch 2 (items 2–4(2)), Sch 5, Sch 6 (items 1–13, 17, 18, 20–32, 34), Sch 9 and Sch 10 (items 12–17(3)–(6), 31–38(3)–(7)): 31 May 2000 (s 2(1)) Sch 4: 17 Dec 1999 (s 2(8)) Sch 6 (items 14–16): never commenced (s 2(10)) Sch 6 (item 19): 16 July 1999 (s 2(11)) Sch 8 (item 19): 1 July 1998 (s 2(13)) | Amended by No 79 of 2000, effective s 4: 30 June 2000 (s 2(1)) Sch 1 (items 3, 4(2)), Sch 2 (items 1–7) and Sch 6 (items 1–11, 15): 1 July 2000 (s 2(2)) | Amended by No 86 of 2000, effective Sch 1 (items 1–26): 30 June 2000 (s 2(1)) | Amended by No 89 of 2000, effective s 4, Sch 1 (items 1–17, 19–25, 30–32, 34–65, 65A, 68), Sch 2 (items 63–66, 69, 71–79, 79A, 79B, 80–83, 83A, 84), Sch 4, Sch 5 (items 1–31, 34), Sch 6 and Sch 9 (items 5, 9, 26, 43, 55–57, 62, 63, 66, 67): 30 June 2000 (s 2(1)) Sch 1 (item 18): 1 pm (A.C.T.) 11 Nov 1999 (s 2(2)) Sch 1 (items 26–29, 33): 31 May 2000 (s 2(3)) Sch 2 (items 67, 68, 70): 1 July 2001 (s 2(5)) Sch 9 (items 1–4, 6–8, 10–25, 27–42, 44–54, 58–61, 64, 65, 68–73): 1 July 2000 (s 2(11)) | Amended by No 90 of 2000, effective 30 June 2000 | Amended by No 72 of 2001, effective 30 June 2001 | Amended by No 77 of 2001, effective Sch 2 (items 149–476, 488): 30 June 2001 (s 2(1)) | Amended by No 89 of 2001, effective 18 July 2001 | Amended by No 162 of 2001, effective Sch 1 (items 1, 14–16) and Sch 2: 1 July 2001 (s 2(1)) Sch 1 (items 17, 19): 15 July 2001 (s 2(2)(b)) Sch 1 (item 18): 1 July 2002 (s 2(3)(b)) | Amended by No 163 of 2001, effective 1 July 2001 | Amended by No 167 of 2001, effective Sch 4 (items 8–10) and Sch 7 and 8: 1 Oct 2001 (s 2(1)) | Amended by No 169 of 2001, effective s 4, Sch 4, Sch 5 (items 1–9) and Sch 6 (items 1–4, 4A–4C, 5, 5A, 6–16, 16L–16N, 17, 19): 1 Oct 2001 (s 2(1), (4), (4B), (4C), (5)) | Amended by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35) | Amended by No 97 of 2002, effective s. 4, Schedule 1 (item 8) and Schedule 2 (items 9A, 9B, 10–12): Royal Assent | Amended by No 119 of 2002, effective s 4, Sch 1 (items 2–5, 8), Sch 2 and Sch 3 (item 100): 2 Dec 2002 (s 2(1) items 1, 2, 10) Sch 1 (items 6, 7): ( see Sch 10 (item 242) of Act No. 41, 2005) Sch 3 (items 4–78): 30 June 2001 (s 2(1) items 3–8) | Amended by No 136 of 2002, effective Sch 1 (items 1, 5): 31 May 2000 (s 2(1) items 2, 4) Sch 1 (items 2–4, 6–27), Sch 2 (items 18–28), Sch 3 (items 2–18) and Sch 4 (items 1, 2): 19 Dec 2002 (s 2(1) items 3, 5, 6) | Amended by No 67 of 2003, effective Schedule 10 (items 13–16): 14 Oct 2003 ( see s. 2(1)) | Amended by No 133 of 2003, effective 17 Dec 2003 | Amended by No 150 of 2003, effective Sch 2 (items 136–143): 1 Jan 2004 (s 2(1) item 16) | Amended by No 83 of 2004, effective s 4, Sch 1 (items 116–124), Sch 2 (items 1, 2, 5–8, 10–18, 20–33, 36–50, 52–64, 67–74), Sch 3 (items 4–7), Sch 5 (items 1, 2), Sch 6, Sch 8 (items 9–11), Sch 10 (items 43, 44) and Sch 12: 25 June 2004 (s 2(1) items 1, 12–14, 16, 17, 20, 27, 29, 30) Sch 1 (items 2–79): 30 June 2000 (s 2(1) item 2) Sch 1 (items 85–94): 30 June 2001 (s 2(1) items 3–5) Sch 1 (items 95–99): 24 Oct 2002 (s 2(1) item 6) Sch 1 (item 100): 19 Dec 2002 (s 2(1) item 7) Sch 1 (items 101–104) and Sch 10 (items 23–29, 30–42): 30 June 2003 (s 2(1) items 8, 9, 24–26) Sch 1 (items 105, 106): 17 Dec 2003 (s 2(1) item 10) Sch 10 (items 3–22): 29 June 2002 (s 2(1) item 23) | Amended by No 95 of 2004, effective s. 4, Schedules 2, 3, 5 and 11: Royal Assent Schedule 7 (items 1–10, 13): 1 July 2004 Schedule 10 (items 28–39, 44, 45): 1 July 2005 | Amended by No 101 of 2004, effective s. 4, Schedule 1 (items 2–4), Schedule 9, Schedule 10 (items 7–37) and Schedule 11 (items 144–146): Royal Assent Sch 2 and Sch 7 (items 1–8): 30 June 2003 (s 2(1) items 3, 8) Sch 3: 1 July 2003 (s 2(1) item 4) Sch 11 (item 35): 30 June 2000 (s 2(1) item 13) Sch 11 (items 52–59, 88, 89): 1 July 2000 (s 2(1) item 14) Sch 11 (items 141–143): 1 July 2001 (s 2(1) item 16) | Amended by No 129 of 2004, effective Schedules 1 and 3: 1 Oct 2004 Remainder: Royal Assent | Amended by No 21 of 2005, effective 21 Mar 2005 | Amended by No 23 of 2005, effective s. 4, Schedule 1 (items 2–8, 11, 13–19, 21–24, 26, 27, 29–32), Schedule 2 (items 1–11, 14), Schedule 3 (items 1–13, 75–102, 111(1)–(3)), Schedules 4–6, 8, 10 and Schedule 12 (items 2–6, 11(1)): Royal Assent Schedule 12 (item 1): 1 July 2000 | Amended by No 41 of 2005, effective s. 4, Schedule 1 (items 1–11), Schedule 2 (items 1–9, 11), Schedule 3 (items 17–22), Schedule 6 (items 1–3, 5, 12–15, 17–28), Schedule 7, Schedule 10 (items 36–221, 271–273) and Schedule 11 (items 4, 5): Royal Assent Sch 10 (item 247): 28 Dec 2002 (s 2(1) item 9) Sch 10 (items 248, 259, 260): 24 Oct 2002 (s 2(1) items 10, 14, 15) Sch 10 (items 249, 250–257, 263, 264): 29 June 2002 (s 2(1) items 11, 12, 17) Sch 10 (item 258): 30 June 2000 (s 2(1) item 13) Sch 10 (items 261, 262): 1 July 2000 (s 2(1) item 16) | Amended by No 64 of 2005, effective Schedule 2: 27 June 2005 Schedule 5: 29 June 2004 Remainder: Royal Assent | Amended by No 78 of 2005, effective 29 June 2005 | Amended by No 147 of 2005, effective Schedule 1 (items 4–168, 169(2), 170–176), Schedule 2 (items 1, 12–24, 26–28), Schedule 3, Schedule 4 (items 4–12), Schedule 5 (items 13, 14, 20), Schedule 6 (items 1, 2, 10(1)) and Schedule 7 (items 14–16, 20): Royal Assent | Amended by No 162 of 2005, effective Schedule 2 (items 1–13), Schedule 3 (items 1–3, 16–19, 33) and Schedule 6 (items 28–32): Royal Assent Schedule 6 (items 1–5, 7–13): 1 July 2005 Sch 6 (items 6, 16–25): 1 July 2001 (s 2(1) items 4, 6) | Amended by No 32 of 2006, effective 6 Apr 2006 | Amended by No 55 of 2006, effective Schedules 1, 3 and 4: 1 July 2006 Remainder: Royal Assent | Amended by No 101 of 2006, effective Schedules 3 and 4: 1 Jan 2008 Remainder: Royal Assent | Amended by No 4 of 2007, effective Schedule 1 and Schedule 2 (items 11–16, 26): Royal Assent | Amended by No 15 of 2007, effective s 4, Sch 1 (items 150–236, 240, 242–260, 406(1)–(3)), Sch 3 (items 8–44, 66) and Sch 4 (items 1–8): 15 Mar 2007 (s 2(1) items 1, 2, 6, 8, 9) Sch 2: 12 Apr 2007 (s 2(1) item 3) | Amended by No 78 of 2007, effective Schedule 7 (items 2–14): 1 July 2005 Schedule 8 (items 350–353): 19 Dec 2002 (s 2(1) item 7) Remainder: Royal Assent | Amended by No 79 of 2007, effective Schedule 1 (items 28, 29, 39–42, 43(1), (6)), Schedules 3, 4, Schedule 6 (items 3–8), Schedule 9 (items 14–26, 30, 34) and Schedule 10 (items 10–13, 32): Royal Assent Schedule 8 (items 2, 12–25, 26(1)–(3)): 1 July 2007 | Amended by No 143 of 2007, effective Schedule 1 (items 1, 4, 128–194, 222, 223, 225, 226), Schedule 2, Schedule 5 (items 1–16, 48(1)–(3)), Schedule 6 and Schedule 7 (items 18–68): Royal Assent Schedule 5 (items 31–46): 15 Mar 2007 (s 2(1) item 6) | Amended by No 164 of 2007, effective s. 4, Schedule 1 (items 1–24, 36–67, 71), Schedules 2–6, Schedule 7 (items 1–3, 5–12, 14), Schedule 8 (items 6–13), Schedule 9 and Schedule 10 (items 1, 7–25, 91, 92): Royal Assent Schedule 10 (items 57–88): 1 July 2010 Sch 12 (items 72–87): 27 Sept 2007 (s 2(1) item 9) | Amended by No 38 of 2008, effective Schedule 1, Schedules 3–6, Schedule 7 (items 1–3, 5), Schedule 8 (items 1–11), Schedule 9 (items 2–4), Schedule 10, Schedule 12 and Schedule 13: 24 June 2008 Schedule 8 (items 12–21): 1 July 2012 | Amended by No 15 of 2009, effective Sch 1 (items 1–30, 52–97, 102–105): 26 Mar 2009 (s 2(1) item 2) Sch 1 (items 106–112, 114): 17 Dec 2003 (s 2(1) item 3) | Amended by No 31 of 2009, effective 22 May 2009 | Amended by No 133 of 2009, effective Schedule 1 (items 1, 21–76, 86, 87): 14 Dec 2009 Schedule 2 (items 1–13, 15) and Schedule 3 (items 28–40, 44, 45): Royal Assent | Amended by No 16 of 2010, effective 15 Mar 2010 | Amended by No 56 of 2010, effective s. 4, Schedule 3 (items 2–7, 10(1)–(4)), Schedule 4, Schedule 5 (items 1–3, 3A, 3B, 4–53, 55–72, 78–110, 112–129, 131–136, 141–146, 146A, 147, 148, 148A, 149, 150, 150A–150F, 151–188, 193–220) and Schedule 6 (items 1–11, 19–26, 56, 57, 115, 127–155): 3 June 2010 Schedule 2 (items 2, 4): 4 June 2010 Sch 5 (item 111): 26 Mar 2009 (s 2(1) item 11B) | Amended by No 79 of 2010, effective Sch 1 (items 3–5, 27–32), Sch 2 (items 2–8, 17–45), Sch 3 (items 2–59), Sch 4 (items 2–6, 38–46, 51) and Sch 5 (items 2, 6–13): 1 July 2010 (s 2(1) items 2–4) | Amended by No 114 of 2010, effective Schedule 1 (items 40–86, 93(1), 95): Royal Assent | Amended by No 62 of 2011, effective Sch 1 (items 1–3, 6–12, 14), Sch 2 (items 8–27, 45–51), Sch 3 (items 1–3, 9–19) and Sch 4 (items 33, 34): 29 June 2011 (s 2(1) items 2, 3, 5, 6) Sch 3 (items 4–8): 30 June 2011 (s 2(1) item 4) | Amended by No 93 of 2011, effective Schedule 1, Schedule 3 (items 1–4, 15–42, 54–107) and Schedule 4 (items 1–9): Royal Assent | Amended by No 132 of 2011, effective Sch 2 (items 4–71): 2 Apr 2012 (s 2(1) item 5) Sch 2 (items 74–77): never commenced (s 2(1) item 6 (rep by 83, 2014, Sch 3 item 1)) | Amended by No 14 of 2012, effective Sch 2 (items 11–16): never commenced (s 2(1) item 4) Sch 3 (items 7–85, 91): 1 July 2012 (s 2(1) items 5, 7) | Amended by No 58 of 2012, effective Schedule 1 (items 2–6): 21 June 2012 ( see s. 2(1)) Schedule 4: Royal Assent Schedule 5: 1 July 2012 | Amended by No 71 of 2012, effective Sch 1, Sch 2 and Sch 3 (items 1, 2): 27 June 2012 (s 2(1) items 2, 3) Sch 5 (items 1–3): 1 July 2012 (s 2(1) item 6) | Amended by No 99 of 2012, effective s 4 and Sch 3: 29 June 2012 (s 2(1) items 1, 7–10) Sch 1 (items 10, 11, 23): 30 June 2012 (s 2(1) item 3) Sch 2 (items 1–4, 6): 26 Mar 2009 (s 2(1) item 6) | Amended by No 44 of 2013, effective Sch 3: 28 May 2013 (s 2(1) item 14) | Amended by No 84 of 2013, effective s 4, Sch 1 (items 2–9, 19–23), Sch 2, Sch 3, Sch 6 and Sch 8 (items 27–32): 28 June 2013 (s 2(1) items 1, 2, 4) | Amended by No 88 of 2013, effective s 4, Sch 1 (items 1–18), Sch 3 and Sch 7 (items 200–210, 236–242): 28 June 2013 (s 2(1) items 1, 2, 5, 21, 26) Sch 1 (items 33, 34): 1 July 2013 (s 2(1) item 3) Sch 5 (items 1–5, 7–9) and Sch 6 (items 3–41, 50–65): 29 June 2013 (s 2(1) items 8, 9, 14) Sch 7 (items 1–4): 1 July 2012 (s 2(1) item 15) | Amended by No 101 of 2013, effective Sch 2 (items 2, 20–43, 50): 29 June 2013 (s 2(1) item 3) Sch 2 (items 55–57): 8 Sept 2012 (s 2(1) item 4) | Amended by No 118 of 2013, effective Sch 1 (items 1, 4–11, 16–26, 38–79, 88–96, 110): 29 June 2013 (s 2(1) items 2–5, 11) Sch 1 (item 97): 1 July 2013 (s 2(1) item 6) | Amended by No 124 of 2013, effective Sch 1 (items 37–45), Sch 5 (items 7, 8(1)), Sch 7, Sch 8, Sch 10 (items 1–11, 13): 29 June 2013 (s 2(1) items 2, 10–12) Sch 2 (items 2–6, 21–42, 48): 11 July 2013 (s 2(1) item 3) Sch 2 (item 66): 11 July 2013 (s 2(1) item 5) Sch 10 (item 14): never commenced (s 2(1) item 13) Sch 11 (items 1–3): 3 Dec 2012 (s 2(1) item 15) Sch 11 (items 5, 6, 9): 28 June 2013 (s 2(1) item 16) Sch 11 (items 28, 32(1), 35–56): 30 June 2013 (s 2(1) items 18, 20, 22) | Amended by No 82 of 2014, effective Sch 1 (items 5–7): 18 July 2014 (s 2(1) item 2) | Amended by No 83 of 2014, effective Sch 1 (items 156–195, 336): 1 July 2014 (s 2(1) items 2, 3) Sch 3 (items 3–7): 18 July 2014 (s 2(1) item 7) | Amended by No 96 of 2014, effective Sch 1 (items 14–45, 122–124), Sch 2 (items 1, 14–40, 42, 43) and Sch 3–5: 30 Sept 2014 (s 2(1) item 2) Sch 8 (items 15–22, 26) and Sch 9 (items 21, 22, 24): 31 Dec 2016 (s 2(1) items 7, 9) | Amended by No 110 of 2014, effective Sch 1 and Sch 2 (items 2–5, 13–23): 17 Oct 2014 (s 2(1) item 2) Sch 3, Sch 4 (items 1, 3) and Sch 5 (items 16–67, 74–76, 84–91, 98–121): 16 Oct 2014 (s 2(1) items 3–5, 7) | Amended by No 67 of 2015, effective Sch 1 (items 1–8) and Sch 2: 22 June 2015 (s 2(1) items 2, 5) Sch 1 (items 10–14): repealed before commencing (s 2(1) items 3, 4) | Amended by No 154 of 2015, effective Sch 5 (items 2–4): 1 Jan 2016 (s 2(1) item 9) | Amended by No 162 of 2015, effective Sch 1 (items 1–3, 21–46) and Sch 4 (items 2, 27): 30 Nov 2015 (s 2(1) items 2, 3, 6) | Amended by No 169 of 2015, effective Sch 1 (items 6–10, 111): 1 Jan 2016 (s 2(1) item 2) | Amended by No 47 of 2016, effective Sch 6 (items 16–25): 6 May 2016 (s 2(1) item 8) | Amended by No 53 of 2016, effective Sch 1 (item 1), Sch 2, Sch 3 (items 2–4), Sch 4 (items 1–5), Sch 5 (items 2, 29–67, 75), Sch 6 (items 21–34), Sch 8 (item 1) and Sch 9: 5 May 2016 (s 2(1) items 2, 4) | Amended by No 81 of 2016, effective Sch 1 (items 2–6, 26–32, 36), Sch 2 (items 1–8, 13–18, 20), Sch 3 (items 1–5, 9), Sch 5–8, Sch 9 (items 1–3, 5), Sch 10 (items 72–80, 93) and Sch 11: 1 Jan 2017 (s 2(1) items 2, 4, 6, 9) Sch 10 (items 2–27, 49–54): 1 July 2018 (s 2(1) item 5) | Amended by No 126 of 2017, effective Sch 1 and 2: 1 Jan 2018 (s 2(1) item 2) | Amended by No 132 of 2017, effective Sch 1 (items 6–12, 21, 27–31): 1 July 2018 (s 2(1) item 2) Sch 2 (items 1–5, 7): 1 Jan 2018 (s 2(1) item 3) | Amended by No 4 of 2018, effective Sch 6 (items 9–20, 27): 21 Feb 2018 (s 2(1) item 1) | Amended by No 23 of 2018, effective Sch 1 (items 12–19, 21–23, 60–62), Sch 2 (items 1, 2, 6) and Sch 5 (items 7–11, 26–28): 1 Apr 2018 (s 2(1) items 3, 5, 8, 10, 12) Sch 1 (items 75–79): 30 Mar 2018 (s 2(1) item 9) | Amended by No 84 of 2018, effective Sch 1 (items 1, 8–13, 15), Sch 2 (items 1–3, 6–10), Sch 3, Sch 4 (items 2–4) and Sch 5: 1 Oct 2018 (s 2(1) item 1) | Amended by No 116 of 2018, effective Sch 1 (items 27–32): 1 July 2019 (s 2(1) item 2B) | Amended by No 34 of 2019, effective Sch 1 (items 1–5, 12, 13, 16), Sch 2, Sch 4 (items 3–6, 8, 9) and Sch 5 (items 1, 2, 5): 1 July 2019 (s 2(1) items 2, 3) | Amended by No 95 of 2019, effective Sch 2 and 3: 1 Jan 2020 (s 2(1) item 2) Sch 5 (items 1, 4): 29 Oct 2019 (s 2(1) item 3) | Amended by No 105 of 2019, effective Sch 1 (items 5–7, 54): 1 July 2020 (s 2(1) item 2) | Amended by No 110 of 2021, effective Sch 1 and Sch 2 (items 8–13): 1 Oct 2021 (s 2(1) item 2) | Amended by No 14 of 2022, effective sch 2, 3, 6, sch 8 (items 1-9): 1 Apr 2022 (s 2(1) items 3, 7, 9) | Amended by No 24 of 2022, effective sch 1 (items 1-5, 21): 2 Apr 2022 (s 2(1) item 1) | Amended by No 75 of 2022, effective sch 4 (items 2-21, 38): 1 July 2022 (s 2(1) item 4) | Amended by No 84 of 2022, effective sch 1 (item 16), sch 3 (items 28-33), sch 5: 1 Jan 2023 (s 2(1) items 2, 4) | Amended by No 61 of 2023, effective sch 1 (items 132-136, 156-165): 1 Jan 2024 (s 2(1) item 1) | Amended by No 23 of 2024, effective sch 2 (items 3 ‑ 142, 144 ‑ 146): 1 July 2024 (s 2(1) item 3) | Amended by No 52 of 2024, effective sch 3 (items 1 ‑ 5): 29 June 2024 (s 2(1) item 3) sch 4 ‑ 7: 1 July 2024 (s 2(1) item 4) | Amended by No 67 of 2024, effective sch 1 (items 4 ‑ 7), sch 3 (items 1 ‑ 7), sch 5 (items 49 ‑ 52), sch 6: 1 Oct 2024 (s 2(1) items 3, 7, 10, 12) | Amended by No 134 of 2024, effective sch 1 (items 6 ‑ 29, 66): 11 Dec 2024 (s 2(1) item 1) | Amended by No 138 of 2024, effective sch 1 (items 2 ‑ 12): 1 Jan 2025 (s 2(1) item 2) sch 5 (items 1 ‑ 13): 11 Dec 2024 (s 2(1) items 6, 7) sch 5 (item 14): never commenced (s 2(1) item 8) | Amended by No 57 of 2025, effective sch 1 (items 79 ‑ 98, 181, 183): 1 July 2026 (s 2(1) item 1) | Amended by No 8 of 2026, effective sch 1 (items 12 ‑ 23), sch 2 (items 1 ‑ 10), sch 3 (items 1 ‑ 4): 1 Apr 2026 (s 2(1) items 2, 3) | Amended by No 49 of 2026, effective sch 1 (items 1-51, 54-59, 64-79A, 82-84), sch 3, sch 4 (items 1-17): 1 July 2026 (s 2(1) items 2-4, 6) sch 2 (items 1-5): 27 June 2026 (s 2(1) item 5)

s 13-1A — Effect of this Division

This Division is a * Guide.

Amendment history: Inserted by No 57 of 2002, effective Sch 2: 1 July 2002 (s 2(1) item 3) Sch 4 (items 3, 4): 1 July 2000 (s 2(1) item 5) Sch 4 (items 5–8), Sch 7, Sch 9 (items 9, 11, 12, 15–20, 22–40, 45), Sch 11 (items 2–5), Sch 12 (items 16–18, 20, 25, 26): 3 July 2002 (s 2(1) items 6, 7, 9, 11, 13, 15, 16, 18, 28, 30, 33) Sch 9 (items 10, 13, 14, 21) and Sch 12 (items 23, 24): 1 July 1997 (s 2(1) items 10, 12, 14, 32) Sch 12 (item 19): 30 June 1998 (s 2(1) item 29) Sch 12 (items 21, 22): 22 June 1998 (s 2(1) item 31) Sch 12 (items 27, 28): 16 Apr 1998 (s 2(1) item 34) Sch 12 (item 29): 19 Sept 1997 (s 2(1) item 35)