Document ID: chunk:federal_register_of_legislation:C2004A01073:clause:2_24
Version: federal_register_of_legislation:C2004A01073
Segment Type: clause
Provision Reference: sch 2 cl 24
Character Range: 47081–47644

24  Subsection 995‑1(1) (definition of income year)
Omit "includes that accounting period", substitute:
includes:
 (a) the adopted accounting period; or
 (b) if the adopted accounting period ends under section 18A of the Income Tax Assessment Act 1936:
 (i) in relation to the commencing of the income year—the adopted accounting period (as ending under that section); or
 (ii) in relation to the ending of the income year—the accounting period ending under that section on the day on which the adopted accounting period would (but for that section) have ended.