Document ID: chunk:federal_register_of_legislation:C2025C00014:section:204:p5
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 204 (pt 5/6)
Character Range: 1754711–1757884

421 Elections under CGT roll‑over provisions
422 Adjustment of capital proceeds where change of residence by eligible CFC from unlisted to listed country
423 Adjustment of capital proceeds where section 47A applies to rolled‑over assets
Subdivision D—Modifications relating to losses
425 Sometimes‑exempt income etc.
426 Creation of loss
427 Certain provisions to be disregarded
428 Subdivision to apply as if there were always a requirement to calculate attributable income
429 Notional allowable deduction for (sometimes‑exempt income) loss
431 Deduction etc. for previous period loss
Division 8—Active income test
Subdivision A—Basic conditions for passing the active income test
432 Active income test
Subdivision B—Tainted income ratio
433 Tainted income ratio
434 Gross turnover
435 Gross tainted turnover
436 Amounts excluded from active income test
Subdivision C—Treatment of partnership income
437 Treatment of partnership income
Subdivision D—General interpretive provisions
438 Roll‑overs—asset disposals
439 When currency exchange gains or losses relate to active income transactions
440 Asset disposals—revaluations and arm's length amounts
441 Hire‑purchase and other property financing transactions
442 Assumption of rights of lender under a loan
443 Net tainted commodity gains
444 Net tainted currency exchange gains
445 Net gains—disposal of tainted assets
Subdivision E—Passive income, tainted sales income and tainted services income
446 Passive income
447 Tainted sales income
448 Tainted services income
Subdivision F—Special rules relating to AFI subsidiaries carrying on financial intermediary business
449 AFI subsidiaries—interest income
450 AFI subsidiaries—asset disposals and currency transactions
Subdivision G—Substantiation requirements
451 Active income test—substantiation requirements for company
452 Active income test—substantiation requirements for partnership
453 Active income test—substantiation requirements for attributable taxpayer
454 Assessment on assumption—retention of accounts etc. and compliance with information notices
455 Amendment of assessments
Division 9—Attribution of attributable income and other amounts
456 Assessability in respect of CFC's attributable income
456A Reduction of section 456 assessability where item subject to foreign accruals tax
457 Assessability where CFC changes residence from unlisted country to listed country or to Australia
459A Assessability where CFC or CFT has interest in certain attributable taxpayers
460 Only resident partners, beneficiaries etc. liable to be assessed as a result of attribution
460A Effect of reducing section CGT event J1 amount
Division 10—Post‑attribution asset disposals
461 Reduction of disposal consideration or capital proceeds if attributed income not distributed
Division 11—Keeping of records
462 Keeping of records—section 456
462A Keeping of records—section 457
464A Keeping of records—section 459A
465 Offence of failing to keep records
466 Manner in which records required to be kept
467 Circumstances where records not required to be kept—reasonable excuse etc.
468 Treatment of partnerships

Part VIIB—Medicare levy and Medicare levy surcharge