Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p25
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 25/34)
Character Range: 1723412–1726136

business determinations have effect
 (1) The determination, or a variation of the determination, has effect, or is taken to have had effect, on and from:
 (a) the day specified in the notice as the day on which the determination or variation takes effect, or took effect; or
 (b) if a day is not specified—the day on which the notice is given.
 (2) The determination ceases to have effect at the end of the earliest day on which one or more of these occurs:
 (a) one or more conditions to which the determination is subject are not met;
 (b) the Commissioner revokes the determination;
 (c) the period for which the determination has effect comes to an end.

87‑80  Revoking personal services business determinations
  The Commissioner must, by giving written notice to the individual or *personal services entity on whose application a *personal services business determination was made, revoke the determination if the Commissioner is no longer satisfied that there are grounds on which the determination could be made.

87‑85  Review of decisions
  A person who is dissatisfied with;
 (a) a decision of the Commissioner to make, vary or revoke a *personal services business determination; or
 (b) the Commissioner's refusal of an application for a personal services business determination or for a variation of a personal services business determination;
may object against the decision in the manner set out in Part IVC of the Taxation Administration Act 1953.

Chapter 3—Specialist liability rules

Part 3‑1—Capital gains and losses: general topics

Division 100—A Guide to capital gains and losses

General overview

100‑1  What this Division is about
      This Division is a simplified outline of the capital gains and capital losses provisions, commonly referred to as capital gains tax (CGT). It will help you to understand your current liabilities, and to factor CGT into your on‑going financial affairs.

Table of sections
100‑5 Effect of this Division
100‑10 Fundamentals of CGT
100‑15 Overview of Steps 1 and 2

Step 1—Have you made a capital gain or a capital loss?
100‑20 What events attract CGT?
100‑25 What are CGT assets?
100‑30 Does an exception or exemption apply?
100‑33 Can there be a roll‑over?

Step 2—Work out the amount of the capital gain or loss
100‑35 What is a capital gain or loss?
100‑40 What factors come into calculating a capital gain or loss?
100‑45 How to calculate the capital gain or loss for most CGT events

Step 3—Work out your net capital gain or loss for the income year
100‑50 How to work out your net capital gain or loss
100‑55 How do you comply with CGT?

Keeping records for CGT purposes
100‑60 Why keep records?
100‑65 What records?
100‑70 How long you need to keep records