Document ID: chunk:federal_register_of_legislation:C2024C00866:section:46k
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 46K
Character Range: 682640–683255

46K  Actual return on financial assets not treated as ordinary income
 (1) Subject to subsection (2), any return on a financial asset that a person actually earns, derives or receives is taken, for the purposes of this Act, not to be ordinary income of the person.
 (2) If, because of:
 (a) a determination under subsection 46L(1); or
 (b) the operation of subsection 46L(1A);
a financial investment is not to be regarded as a financial asset for the purposes of section 46D or 46E, subsection (1) of this section does not apply to any return on the investment that the person actually earns, derives or receives.