Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 43.175

(1) An entity is taken not to have used a bedroom in a *hotel building, or an
apartment, unit or flat in an *apartment building, for the *purpose of
producing assessable income at a time if, at that time, the bedroom,
apartment, unit or flat is used, or reserved for use, by:

   (a)  the entity; or

   (b)  if the entity is a partnership-any of the partners in the partnership.
        Note: This subsection affects Tables 43-140 and 43-145.

(2) Also, an entity is taken not to use a bedroom in a *hotel building, or an
apartment, unit or flat in an *apartment building for any purpose at a time
if:

   (a)  at that time, a right to use or occupy the bedroom, apartment, unit or
        flat was vested in the entity; and

   (b)  that right was vested in the entity because the entity was, at that
        time, a member of a company, a beneficiary of a trust estate or a
        partner in a partnership. Note: This subsection affects Tables 43-90,
        43-140 and 43-145.