Document ID: chunk:federal_register_of_legislation:C2025C00014:clause:2d_2:p9
Version: federal_register_of_legislation:C2025C00014
Segment Type: clause
Provision Reference: sch 2D cl 2 (pt 9/9)
Character Range: 2194133–2196008

to an early retirement scheme payment (within the meaning of the Income Tax Assessment Act 1997), or a genuine redundancy payment (within the meaning of that Act).

Subdivision 57‑H—Domestic losses

57‑75  Domestic losses
  In applying section 36‑15 or 36‑17 of the Income Tax Assessment Act 1997 (about how to deduct tax losses) to the transition taxpayer:
 (a) only exempt income derived at or after the transition time is taken into account as exempt income of the transition taxpayer; and
 (b) the transition taxpayer's deductions are taken into account only so far as they are in respect of:
 (i) services rendered; or
 (ii) goods provided; or
 (iii) the doing of any other thing;
  at or after the transition time.

Subdivision 57‑J—Capital allowances and certain other deductions

57‑85  What are the modified deduction rules and corresponding deduction provisions?
 (1) A modified deduction rule is a provision listed in column 3 of an item in the table in subsection (3). Provisions of the Income Tax Assessment Act 1997 are identified in normal text, while provisions of the Income Tax Assessment Act 1936 are in bold.
 (2) The corresponding deduction provision (if any) for a modified deduction rule listed in column 3 of an item in the table in subsection (3) is the provision of the Income Tax Assessment Act 1936 listed in column 4 of the item.
 (3) The table is as follows:

Modified deduction rules and corresponding deduction provisions
Column 1                                                         Column 2                                            Column 3                          Column 4
                                                                                                                     Modified deduction rule           Corresponding deduction provision
Item                                                             Description