Commonwealth Consolidated Acts

TAXATION LAWS AMENDMENT ACT (NO. 6) 2001 - SCHEDULE 2

Income Tax Assessment Act 1936

1   Section   24AT ( paragraph   ( b) of the definition of excluded STB )

Omit "paragraph 23(d)", substitute "section   50 - 25 of the Income Tax Assessment Act 1997 ".

2   Section   24AT (after paragraph   ( b) of the definition of government entity )

Insert:

  (ba)   a municipal corporation or other local governing body (within the meaning of section   50 - 25 of the Income Tax Assessment Act 1997 ); or

Note:   The effect of this paragraph is that some bodies owned or controlled by a municipal corporation or other local governing body may be an STB even though the municipal corporation or other local governing body is an excluded STB.

3   Application

The amendments made by this Schedule apply in relation to income derived after 30   June 2000.