Document ID: chunk:federal_register_of_legislation:C2024C00267:front:0:p22
Version: federal_register_of_legislation:C2024C00267
Segment Type: other
Provision Reference: 
Character Range: 60582–63350

charge is due to be paid on or after the commencement of that section.
 (2) For the purposes of subsection (1), it does not matter whether the financial year ended before, on or after the commencement of that section.

Division 6—Assessable income and exempt income

Table of sections
6‑2 Effect of this Division
6‑3 Assessable income for income years before 1997‑98
6‑20 Exempt income for income years before 1997‑98

6‑2  Effect of this Division
  This Division has effect for the purposes of the Income Tax Assessment Act 1997 and of this Act.

6‑3  Assessable income for income years before 1997‑98
  For the 1996‑97 income year or an earlier income year, assessable income means all the amounts that under the Income Tax Assessment Act 1936 are included in the assessable income.

6‑20  Exempt income for income years before 1997‑98
  For the 1996‑97 income year or an earlier income year, exempt income means income which is exempt from tax and includes income which is not assessable income.

Division 8—Deductions

Table of sections
8‑2 Effect of this Division
8‑3 Deductions for income years before 1997‑98
8‑10 No double deductions for income year before 1997‑98 and income year after 1996‑97

8‑2  Effect of this Division
  This Division has effect for the purposes of the Income Tax Assessment Act 1997 and of this Act.

8‑3  Deductions for income years before 1997‑98
  For the 1996‑97 income year or an earlier income year, deduction means a deduction allowable under the Income Tax Assessment Act 1936.

8‑10  No double deductions for income year before 1997‑98 and income year after 1996‑97
  If:
 (a) a provision of the Income Tax Assessment Act 1936 allows you a deduction in respect of an amount for the 1996‑97 income year or an earlier income year; and
 (b) a different provision of that Act, or a provision of the Income Tax Assessment Act 1997, allows you a deduction in respect of the same amount for the 1997‑98 income year or a later income year;
you can deduct only under the provision that is most appropriate.

Chapter 2—Liability rules of general application

Part 2‑1—Assessable income

Division 15—Some items of assessable income

Table of sections
15‑1 General application provision
15‑10 Application of section 15‑10 of the Income Tax Assessment Act 1997 to bounties and subsidies
15‑15 Application of section 15‑15 of the Income Tax Assessment Act 1997 to profit‑making plans
15‑20 Application of section 15‑20 of the Income Tax Assessment Act 1997 to royalties
15‑30 Application of section 15‑30 of the Income Tax Assessment Act 1997 to insurance or indemnity payments
15‑35 Application of section 15‑35 of the Income Tax Assessment Act 1997 to interest on overpayments and early payments of tax

15‑1  General application provision