Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 418

Options

             (1)  For the purposes of applying this Act in calculating the attributable income of the eligible CFC, the following provisions have effect.

             (2)  Subsection 104-30(5) of the Income Tax Assessment Act 1997 applies to an option granted by the eligible CFC as if the reference in that subsection to 20 September 1985 were a reference to the day after the eligible CFC's commencing day.

             (3)  Section 134-1 of the Income Tax (Transitional Provisions) Act 1997 does not apply to an option granted to the eligible CFC.



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