Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:2_25b
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 2 cl 25B
Character Range: 485256–489193

25B  Limits on application of section 26

  A paragraph of section 26 does not apply to what is shown in the following table.

Note: The last column of the table shows the provision of the Income Tax Assessment Act 1997 that applies instead.

Limits on application of section 26
                                                                                                                                                                                                                                                        Provision of Income Tax Assessment Act 1997 that applies instead

                                     Paragraph of section 26  What the paragraph does not apply to
Item
  1                                  26(eb)                   Amount paid in the 1997‑98 year of income or a later year of income (regardless of when the agreement, arrangement or understanding that was the basis for the payment was entered into)  section 15-3
  2                                  26(ec)                   Amount received in the 1997-98 year of income or a later year of income (regardless of when the leave accrued that the amount relates to)                                                 section 15-5
  3                                  26(f)                    Amount received in the 1997-98 year of income or a later year of income                                                                                                                   section 15-20
  4                                  26(g)                    Bounty or subsidy received in the 1997-98 year of income or a later year of income                                                                                                        section 15-10
  5                                  26(h)                    Amount received in the 1997-98 year of income or a later year of income                                                                                                                   section 6‑5
  6                                  26(j)                    Amount received in the 1997-98 year of income or a later year of income (regardless of when the loss occurred, or the loss or outgoing was incurred, that led to payment of the amount)    section 15-30 (for loss of assessable income)
                                                                                                                                                                                                                                                         Subdivision 20-A (for deductible loss or outgoing)
                                                                                                                                                                                                                                                         section 70-115 (for loss of trading stock)
  7                                  26(ja)                   Amount received in the 1997-98 year of income or a later year of income                                                                                                                   none
  8                                  26(jb)                   Amount of interest paid or applied in the 1997-98 year of income or a later year of income (regardless of when the interest became payable)                                               section 15-35
  9                                  26(k)                    Amount received in  the 1997-98 year of income or a later year of income (regardless of when the loss occurred)                                                                           Subdivision 20-A
  10                                 26(l)                    Amount received in the 1997-98 year of income or a later year of income                                                                                                                   section 15-25