Document ID: chunk:federal_register_of_legislation:F2020L00177:front:0
Version: federal_register_of_legislation:F2020L00177
Segment Type: other
Provision Reference: 
Character Range: 0–2032

Veterans' Entitlements (Attribution of Income — Ineligible Deductions) Determination 2020

Instrument 2020 No.R2

The Repatriation Commission, under sections 52ZZO and 52ZZZO of the Veterans' Entitlements Act 1986, makes this Determination.

Dated this    25th day of  February                    2020

The Seal of the                  )
Repatriation Commission )   SEAL
is affixed hereto in the      )
presence of :                 )

       Elizabeth Cosson                                                   Donald Spinks
ELIZABETH COSSON       DONALD SPINKS
          AM CSC              AM
      PRESIDENT                 COMMISSIONER

Contents

Page
Part 1 Preliminary
 1 Name of Determination 4
 2 Commencement 4
                          3  Revocation 4
 4 Definitions 4
Part 2 Ineligible deductions and ineligible parts of deductions
Division 2.1 Ineligible deductions
 5 Ineligible deductions — ITAA 1936 and ITAA 1997 5
Division 2.2 Ineligible parts of deductions
 6 Ineligible part of amount of salary or wages  5
 7 Ineligible part of amount of interest on borrowings  6
 8 Trading stock of business — election under s 70-45 of ITAA 1997 7
 9 Trading stock of primary production enterprise — election under s 70-45 of ITAA 1997              8
 10 Trading stock of business — election under s 70-50 of ITAA 1997 8
 11 Trading stock of primary production enterprise — election under s 70-50 of ITAA 1997              9
Schedule 1 Ineligible deductions for section 52ZZO of the Act 10
Part 1 Ineligible deductions: ITAA 1936 10
Part 2 Ineligible deductions: ITAA 1997 10
Schedule 2 Ineligible deductions for section 52ZZZO of the Act 12
Part 1 Ineligible deductions: ITAA 1936 12
Part 2 Ineligible deductions: ITAA 1997 12

Part 1 Preliminary

1 Name of Determination
  This Determination is the Veterans' Entitlements (Attribution of Income — Ineligible Deductions) Determination 2020.
2 Commencement
  This Determination commences the day after it is registered on the Federal Register of Legislation.