Document ID: chunk:federal_register_of_legislation:C2024C00267:section:5:p1
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 5 (pt 1/3)
Character Range: 64243–67063

5                                             15‑35                                                   15‑35

15‑10  Application of section 15‑10 of the Income Tax Assessment Act 1997 to bounties and subsidies
  Section 15‑10 (Bounties and subsidies) of the Income Tax Assessment Act 1997 applies to a bounty or subsidy received in the 1997‑98 income year or a later income year.

15‑15  Application of section 15‑15 of the Income Tax Assessment Act 1997 to profit‑making undertaking or plan
  Section 15‑15 (Profit‑making undertaking or plan) of the Income Tax Assessment Act 1997 applies to a profit arising in the 1997‑98 income year or a later income year, even if the undertaking or plan was entered into, or began to be carried on or carried out, before the 1997‑98 income year.

15‑20  Application of section 15‑20 of the Income Tax Assessment Act 1997 to royalties
  Section 15‑20 (Royalties) of the Income Tax Assessment Act 1997 applies to an amount received as or by way of royalty in the 1997‑98 income year or a later income year.

15‑30  Application of section 15‑30 of the Income Tax Assessment Act 1997 to insurance or indemnity payments
  Section 15‑30 (Insurance or indemnity for loss of assessable income) of the Income Tax Assessment Act 1997 applies to an amount received in the 1997‑98 income year or a later income year as insurance or indemnity for the loss at any time of an amount that would have been assessable income under the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997.

15‑35  Application of section 15‑35 of the Income Tax Assessment Act 1997 to interest on overpayments and early payments of tax
  Section 15‑35 (Interest on overpayments and early payments of tax) of the Income Tax Assessment Act 1997 applies to interest that is paid or applied in the 1997‑98 income year or a later income year, even if some or all of the interest became payable earlier.

Division 20—Items included to reverse the effect of past deductions

Table of Subdivisions
20‑A Insurance, indemnity or recoupment for deductible expenses
20‑B Disposal of a car for which lease payments have been deducted

Subdivision 20‑A—Insurance, indemnity or recoupment for deductible expenses

Table of sections
20‑1 Application of Subdivision 20‑A of the Income Tax Assessment Act 1997

20‑1  Application of Subdivision 20‑A of the Income Tax Assessment Act 1997
  Subdivision 20‑A of the Income Tax Assessment Act 1997 applies to an assessable recoupment received in the 1997‑98 income year or a later income year of a loss or outgoing whenever incurred.

Subdivision 20‑B—Disposal of a car for which lease payments have been deducted

Table of sections
20‑100 Application of Subdivision 20‑B of the Income Tax Assessment Act 1997
20‑105 The cost of a car acquired in the 1996‑97 income year or