Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 418

  (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.