Document ID: chunk:federal_register_of_legislation:C2025C00014:section:158a
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 158A
Character Range: 1343011–1343802

158A  Election that Division not apply
 (1) A taxpayer may elect that this Division shall not apply in relation to income of the taxpayer of a year of income specified in the election and of all subsequent years of income.
 (2) An election in pursuance of subsection (1) shall be made in writing and lodged with the Commissioner on or before the date of lodgment of the return of income of the taxpayer for the year of income specified in the election or within such further time as the Commissioner allows.
 (3) Where a taxpayer makes an election under subsection (1), this Division shall not apply in relation to income of the taxpayer of the year of income specified in the election or of any subsequent year of income.

Division 16D—Certain arrangements relating to the use of property