Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6h:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6H (pt 2/2)
Character Range: 76394–77032

is the amount that would be its taxable income of the year of income if:
 (a) section 23G did not apply to income derived by it in the 1994‑95 year of income or any later year of income; and
 (b) Division 9 of Part III had not been enacted.

Definitions
 (6) In this section:
accounting period, in relation to a credit union, means a period at the end of which the balance of its accounts is struck.
accounts, in relation to a credit union, means accounts prepared for the purposes of reporting annually to the shareholders in the credit union.
credit union means a credit union as defined in section 23G, except a life assurance company.