Document ID: chunk:federal_register_of_legislation:C2025C00014:section:121l:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 121L (pt 2/6)
Character Range: 1176142–1179229

B—The taxable income of PDFs
124ZS Definitions
124ZTA Taxable income in first year as PDF if PDF component is nil
124ZT SME assessable income
124ZU SME income component
124ZV Unregulated investment component
Subdivision C—Adjustments of the tax treatment of capital gains and capital losses of PDFs
124ZW Definitions
124ZX Companies to which this Subdivision applies
124ZY Classes of assessable income
124ZZ Treatment of capital gains
124ZZA Allocation of gain amounts and loss amounts to classes of assessable income
124ZZB Assessable income etc. in relation to capital gains
124ZZD No net capital loss
Division 11—Interest paid by companies on bearer debentures
126 Interest paid by a company on bearer debentures
127 Credit for tax paid by company
128 Assessments of tax
Division 11A—Dividends, interest and royalties paid to non‑residents and to certain other persons
Subdivision A—General
128AAA Application of Division to non‑share dividends
128A Interpretation
128AA Deemed interest in respect of transfers of certain securities
128AB Certificates relating to issue price of certain securities
128AC Deemed interest in respect of hire‑purchase and certain other agreements
128AD Indemnification etc. agreements in relation to bills of exchange and promissory notes
128AE Interpretation provisions relating to offshore banking units
128AF Payments through interposed entities
128B Liability to withholding tax
128C Payment of withholding tax
128D Certain income not assessable
128F Division does not apply to interest on certain publicly offered company debentures or debt interests
128FA Division does not apply to interest on certain publicly offered unit trust debentures or debt interests
128GB Division not to apply to interest payments on offshore borrowings by offshore banking units
128NA Special tax payable in respect of certain securities and agreements
128NB Special tax payable in respect of certain dealings by current and former offshore banking units
128NBA Credits in respect of amounts assessed in relation to certain financial arrangements
128P Objections
128R Informal arrangements
Division 11C—Payments in respect of mining operations on Indigenous land
128U Interpretation
128V Liability to mining withholding tax
128W Payment of mining withholding tax
Division 12—Oversea ships
129 Taxable income of ship‑owner or charterer
130 Commissioner may require master or agent to make return
131 Determination by Commissioner
132 Assessment of tax
133 Master liable to pay
134 Notice of assessment
135 Clearance of ship
135A Freights payable under certain agreements
Division 15—Insurance with non‑residents
141 Interpretation
142 Income derived by non‑resident insurer
143 Taxable income of non‑resident insurer
144 Liability of agents of insurer
145 Deduction of premiums
146 Exporter to furnish information
147 Rate of tax in special circumstances
148 Reinsurance with non‑residents
Division 16—Averaging of incomes
149 Average income
149A Capital gains, abnormal income and certain death benefits to be disregarded
150 First average year
151 First application of