Application of Part 3‑90 of Income Tax Assessment Act 1997
700-1 Application of Part 3‑90 of Income Tax Assessment Act 1997
Part 3‑90 of the Income Tax Assessment Act 1997, as inserted by the New Business Tax System (Consolidation) Act (No. 1) 2002 and amended by:
the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002; and
the New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002; and
the New Business Tax System (Consolidation and Other Measures) Act 2003; and
the Taxation Laws Amendment Act (No. 6) 2003;
applies on and after 1 July 2002.
Section 713‑50 of the Income Tax Assessment Act 1997 (about factors to consider in determining destination of distribution by non‑fixed trust) applies for the purposes of this Part in the same way as it applies for the purposes of Part 3‑90 of that Act.
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