Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Income Tax Assessment Act 1936
1 Paragraph 128B(3)(aa)
Repeal the paragraph, substitute:
(aa) income derived by a non - resident that is an overseas charitable institution (within the meaning of section 121C) where the income is exempt under subsection 121ELA(1); or
2 Before paragraph 128B(3)(b)
Insert:
(ab) income that is exempt from income tax because of item 9.4 of the table in section 50 - 45 of the Income Tax Assessment Act 1997 (which exempts income derived by the Commonwealth Games Federation); or
Income Tax Assessment Act 1997
3 Section 50 - 45 (at the end of the table)
Add:
9.4 | the Commonwealth Games Federation | only income derived on or after 1 January 2000 and before 1 July 2007 |
4 Application
The amendment made by item 2 of this Schedule applies in relation to income derived on or after 1 January 2000.
Notes to the Taxation Laws Amendment Act (No. 2) 2003
Note 1
The Taxation Laws Amendment Act (No. 2) 2003 as shown in this compilation comprises Act No. 65 , 20 03 amended as indicated in the Tables below.
Table of Acts
Act | Number | Date | Date of commencement | Application, saving or transitional provisions |
Taxation Laws Amendment Act (No. 2) 2003 | 65 , 20 03 | 30 June 20 0 3 | See s. 2(1) |
|
Tax Laws Amendment (2010 Measures No. 2) Act 2010 | 75, 2010 | 28 June 2010 | Schedule 6 (item 53): 29 June 2010 | -- |
Table of Amendments
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted | |
Provision affected | How affected |
S. 4 .................... | rep . No. 75 , 2010 |