Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 405

Interpretation

  (1)   In this Subdivision:

"commencing day" has the meaning given by section   406.

"commencing day asset" has the meaning given by section   406.

  (3)   Some provisions of this Subdivision   say that a payment can include giving property. To the extent that one does, use the market value of the property in working out the amount of the payment.



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