Document ID: chunk:federal_register_of_legislation:C2024C00267:section:6:p2
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 6 (pt 2/3)
Character Range: 74527–77268

also has the result that, to the extent that a recoupment of the expenditure has been included in your assessable income by former subsections 74A(4) and (5) of the Income Tax Assessment Act 1936, the expenditure will be disregarded in applying the $1,000 per election deduction limit: see subsection 25‑65(2) of the Income Tax Assessment Act 1997.

Division 26—Some amounts you cannot deduct, or cannot deduct in full

Table of sections
26‑1 Application of Division 26 of the Income Tax Assessment Act 1997
26‑30 Application of section 26‑30 of the Income Tax Assessment Act 1997

26‑1  Application of Division 26 of the Income Tax Assessment Act 1997
  Division 26 of the Income Tax Assessment Act 1997 (which prevents or limits deductions) applies to assessments for the 1997‑98 income year and later income years, except as provided by this Division.

26‑30  Application of section 26‑30 of the Income Tax Assessment Act 1997
  Section 26‑30 (which denies a deduction for relative's travel expenses) of the Income Tax Assessment Act 1997 applies to travel on or after 1 July 1997.

Division 30—Gifts or contributions

Table of sections
30‑1 Application of Division 30 of the Income Tax Assessment Act 1997
30‑5 Keeping in force old declarations and instruments
30‑25 Keeping in force the old gifts registers
30‑102 Fund, authorities and institutions taken to be endorsed

30‑1  Application of Division 30 of the Income Tax Assessment Act 1997
  Division 30 of the Income Tax Assessment Act 1997 applies to assessments for the 1997‑98 income year and later income years.

30‑5  Keeping in force old declarations and instruments
 (1) This section applies to a declaration or other instrument (described in column 2 of an item in the table in this section) that is in force at the end of 30 June 1997 for the purposes of the provision of the Income Tax Assessment Act 1936 referred to in that column of the item.
 (2) On and after 1 July 1997 the declaration or other instrument also has effect as if it were an approval or declaration (described in column 3 of the same item) made for the purposes of the provision of the Income Tax Assessment Act 1997 referred to in that column of the item.
  Anything done on or after 1 July 1997 in relation to an approval or declaration described in column 3 of an item in the table also has effect as if it had been done in relation to the declaration or other instrument described in column 2 of that item.

On and after 1 July 1997
Item                      This approval, declaration or other instrument:                                                                                                                                                                   also has effect as if it were: