Document ID: chunk:federal_register_of_legislation:C2024C00267:section:8:p39
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 8 (pt 39/48)
Character Range: 324178–326875

1997 apply because of this section, the adjustment amount under section 165‑115ZB of that Act is to be worked out and applied in accordance with subsection 165‑115ZB(6) (the non‑formula method) of that Act.
 (4) To avoid doubt:
 (a) a notice need not be given under section 165‑115ZC of the Income Tax Assessment Act 1997 because of this section; and
 (b) this section does not affect the requirements that apply to a notice that otherwise must be given under that section.
 (5) If the equity or debt is a revenue asset at the time of the realisation event, subsection (2) applies on the basis that the realised loss is the total of:
 (a) the loss (if any) realised for income tax purposes by the realisation event happening to the equity or debt in its character as a CGT asset; and
 (b) the loss (if any) realised for income tax purposes by the realisation event happening to the equity or debt in its character as a revenue asset.

Subdivision 165‑C—Deducting bad debts

Table of sections
165‑135 Application of Subdivision 165‑C of the Income Tax Assessment Act 1997

165‑135  Application of Subdivision 165‑C of the Income Tax Assessment Act 1997
  Subdivision 165‑C of the Income Tax Assessment Act 1997 (about companies deducting bad debts) applies to assessments for the 1998‑1999 income year and later income years.

Division 166—Income tax consequences of changing ownership or control of a listed public company

Table of Subdivisions
166‑C Deducting bad debts

Subdivision 166‑C—Deducting bad debts

Table of sections
166‑40 Application of Subdivision 166‑C of the Income Tax Assessment Act 1997

166‑40  Application of Subdivision 166‑C of the Income Tax Assessment Act 1997
  Subdivision 166‑C of the Income Tax Assessment Act 1997 (about listed public companies deducting bad debts) applies to assessments for the 1998‑1999 income year and later income years.

Division 167—Companies whose shares carry unequal rights to dividends, capital distributions or voting power

Table of sections
167‑1 Application of provisions

167‑1  Application of provisions
 (1) Division 167 of the Income Tax Assessment Act 1997 applies:
 (a) to any tax loss that is incurred in an income year commencing on or after 1 July 2002; and
 (b) to any net capital loss that is made in an income year commencing on or after 1 July 2002; and
 (c) to any deduction in respect of a bad debt that is claimed in an income year commencing on or after 1 July 2002; and
 (d) in determining whether any changeover time or alteration time occurred on or after 1 July 2002.
 (2) Division 167 of the Income Tax Assessment Act 1997 also applies:
 (a) to any tax loss of a company:
 (i) that is incurred in an income year