Document ID: chunk:federal_register_of_legislation:C2024C00267:section:2:p3
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 2 (pt 3/3)
Character Range: 228916–231296

exempt from income tax because the entity was covered by item 1.1, 1.5, 1.5A or 1.5B of the table in section 50‑5 of that Act, as in force at that time.

Part 2‑20—Tax offsets

Division 61—Generally applicable tax offsets

Table of Subdivisions
61‑L Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Subdivision 61‑L—Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Table of Sections
61‑575 Application of Subdivision 61‑L of the Income Tax Assessment Act 1997

61‑575  Application of Subdivision 61‑L of the Income Tax Assessment Act 1997
  Subdivision 61‑L (Tax offset for Medicare levy surcharge (lump sum payments in arrears)) of the Income Tax Assessment Act 1997 applies to assessments for the 2005‑06 income year and later income years.

Part 2‑25—Trading stock

Division 70—Trading stock

Table of sections
70‑1 Application of Division 70 of the Income Tax Assessment Act 1997
70‑10 Accounting for your disposal of items that stop being trading stock because of the change of definition
70‑20 Application of section 70‑20 of the Income Tax Assessment Act 1997 to trading stock bought on or after 1 July 1997
70‑55 Cost of live stock acquired by natural increase
70‑70 Valuing interests in FIFs on hand at the start of 1991‑92
70‑90 Application of sections 70‑90 and 70‑95 of the Income Tax Assessment Act 1997 to disposals of trading stock outside the ordinary course of business
70‑100 Application of section 70‑100 of the Income Tax Assessment Act 1997 to disposals of trading stock outside ordinary course of business
70‑105 Application of section 70‑105 of the Income Tax Assessment Act 1997 to deaths on or after 1 July 1997
70‑115 Application of section 70‑115 of the Income Tax Assessment Act 1997 to insurance and indemnity payments in 1997‑98 and later income years

70‑1  Application of Division 70 of the Income Tax Assessment Act 1997
 (1) Division 70 (Trading stock) of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.
 (2) However, the sections of that Division listed in the table apply in accordance with the corresponding sections of this Act.

Application provisions for specific sections
                                              This section of the Income Tax Assessment Act 1997 ...  Applies as described in this provision of this Act ...
Item