s 410-1
In forceApplication of section 51‑43 of the Income Tax Assessment Act 1997
Chapter 3Specialist liability rules
Part 3-45Rules for particular industries and occupations
Division 410Copyright collecting societies
410-1 Application of section 51‑43 of the Income Tax Assessment Act 1997
(1)
A copyright collecting society to which section 51‑43 of the Income Tax Assessment Act 1997 applies, may elect that, from 1 July 2004, the section apply to all ordinary income, and statutory income, collected or derived by the society on or after 1 July 2004.
(2)
A society makes a valid election if:
(a)
the election is in writing; and
(b)
the election is given to the Commissioner within 28 days after the day on which this section commences.
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