Document ID: chunk:federal_register_of_legislation:C2025C00014:section:23ak:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 23AK (pt 3/3)
Character Range: 147517–148944

of the debit;
 (e) if the payment is of a kind referred to in former paragraph 603(1)(e)—the payment is not, to the extent of the debit, assessable to the taxpayer as mentioned in that paragraph;
 (f) if the payment is of a kind referred to in former paragraph 603(1)(f) and, apart from this section, an amount would be included in the taxpayer's assessable income, of the year of income referred to in that paragraph, under section 99B in respect of the trust property referred to in that paragraph—that amount is not assessable income, and is not exempt income, to the extent of the debit;
 (g) if the payment is of a kind referred to in former paragraph 603(1)(g)—the payment is not assessable income, and is not exempt income, to the extent of the debit;
 (h) if the payment is of a kind referred to in former paragraph 603(1)(h)—the payment is not assessable income, and is not exempt income, to the extent of the debit.
 (10) This section is to be disregarded for the purposes of applying any other provision of this Act to determine allowable deductions.
 (11) In this section:
FIF attribution account entity has the same meaning as in former Part XI.
FIF attribution account payment has the same meaning as in former Part XI.
FIF attribution account percentage has the same meaning as in former Part XI.
trust has the same meaning as in former Part XI, but does not include a trust covered by former subsection 605(11).