Document ID: chunk:federal_register_of_legislation:C2024C00267:section:2:p2
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 2 (pt 2/3)
Character Range: 226330–229144

or this paragraph.

Division 51—Exempt amounts

Table of sections
51‑1 Application of Division 51 of the Income Tax Assessment Act 1997

51‑1  Application of Division 51 of the Income Tax Assessment Act 1997
  Division 51 of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.

Division 52—Certain pensions, benefits and allowances are exempt from income tax

Table of sections
52‑1 Application of Division 52 of the Income Tax Assessment Act 1997

52‑1  Application of Division 52 of the Income Tax Assessment Act 1997
  Division 52 of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.

Division 53—Various exempt payments

Table of sections
53‑1 Application of Division 53 of the Income Tax Assessment Act 1997

53‑1  Application of Division 53 of the Income Tax Assessment Act 1997
  Division 53 of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.

Division 54—Exemption for certain payments made under structured settlements and structured orders

Table of sections
54‑1 Application of Division 54 of the Income Tax Assessment Act 1997

54‑1  Application of Division 54 of the Income Tax Assessment Act 1997
 (1) Division 54 of the Income Tax Assessment Act 1997 applies to assessments for the 2001‑2002 income year and later income years.
 (2) However, the Division does not apply unless the date of the settlement or order is 26 September 2001 or a later date.

Division 55—Payments that are not exempt from income tax

Table of sections
55‑1 Application of Division 55 of the Income Tax Assessment Act 1997

55‑1  Application of Division 55 of the Income Tax Assessment Act 1997
  Division 55 of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.

Division 59—Particular amounts of non‑assessable non‑exempt income

Table of Subdivisions
59‑N Native title benefits

Subdivision 59‑N—Native title benefits

Table of sections
59‑50 Indigenous holding entities

59‑50  Indigenous holding entities
  Without limiting subsection 59‑50(6) of the Income Tax Assessment Act 1997, an entity was an Indigenous holding entity at a time if:
 (a) the time occurred:
 (i) during an income year starting on or after 1 July 2008; and
 (ii) before the commencement of Chapter 2 of the Australian Charities and Not‑for‑profits Commission Act 2012; and
 (b) at that time, the entity was endorsed under Subdivision 50‑B of the Income Tax Assessment Act 1997 as 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