Document ID: chunk:federal_register_of_legislation:C2025C00014:section:121l:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 121L (pt 3/6)
Character Range: 1178953–1182245

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 Division in relation to a taxpayer
152 Taxpayer not in receipt of assessable income
153 Taxpayer with no taxable income
154 Excess of allowable deductions
155 Permanent reduction of income
156 Rebate of tax for, or complementary tax payable by, certain primary producers
157 Application of Division to primary producers
158 Application of Division
158A Election that Division not apply
Division 16D—Certain arrangements relating to the use of property
159GE Interpretation
159GEA Division applies to certain State/Territory bodies
159GF Residual amounts
159GG Qualifying arrangements
159GH Application of Division in relation to property
159GJ Effect of application of Division on certain deductions etc.
159GK Effect of application of Division on assessability of arrangement payments
159GL Special provision relating to Division 10C or 10D property
159GM Special provision where cost of plant etc. is also eligible capital expenditure
159GN Effect of use of property under qualifying arrangement for producing assessable income
159GO Special provisions relating to partnerships
Division 16E—Accruals assessability etc. in respect of certain security payments
159GP Interpretation
159GQ Tax treatment of holder of qualifying security
159GQA Accrual period
159GQB Accrual amount
159GQC Implicit interest rate for fixed return security
159GQD Implicit interest rate for variable return security
159GR Consequences of actual payments
159GS Balancing adjustments on transfer of qualifying security
159GT Tax treatment of issuer of a qualifying security
159GU Effect of Division on certain transfer profits and losses
159GV Consequence of variation of terms of security
159GW Effect of Division in relation to non‑residents
159GX Effect of Division where certain payments not assessable
159GY Effect of Division where qualifying security is trading stock
159GZ Stripped securities
Division 16J—Effect of cancellation of subsidiary's shares in holding company
159GZZZC Interpretation—general
159GZZZD Meaning of eligible entity, eligible interest and eligible proportion
159GZZZE Share cancellations to which this Division applies
159GZZZF Effect on subsidiary of share cancellations to which this Division applies
159GZZZG Pre‑cancellation disposals of eligible interests
159GZZZH Post‑cancellation disposals of eligible interests etc.
159GZZZI Additional application of sections 159GZZZG and 159GZZZH to associates
Division 16K—Effect of buy‑backs of shares
Subdivision AA—Application of Division to non‑share equity interests
159GZZZIA Application of Division to non‑share dividends
Subdivision A—Interpretation
159GZZZJ Interpretation
159GZZZK Explanation of terms
159GZZZL Special buy‑backs not made in ordinary course of trading on a stock exchange
159GZZZM Purchase price in respect of buy‑back
Subdivision B—Company buying‑back shares
159GZZZN Buy‑back and cancellation disregarded for certain purposes
Subdivision C—Off‑market purchases
159GZZZP Part of off‑market purchase price is a dividend if the company is