Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 775.80

You may choose not to have sections 775 - 70 and 775 - 75 apply to you

  (1)   You may choose not to have sections   775 - 70 and 775 - 75 apply to you.

  (2)   A choice must be in writing.

  (3)   A choice must be made:

  (a)   if you were in existence at the start of the applicable commencement date:

  (i)   within 90 days after the applicable commencement date; or

  (ii)   within 30 days after the commencement of this subsection; or

  (b)   if you came into existence within 90 days after the start of the applicable commencement date:

  (i)   within 90 days after you came into existence; or

  (ii)   within 30 days after the commencement of this subsection; or

  (c)   if the Commissioner allows a longer period--within that longer period.

Note:   For applicable commencement date , see section   775 - 155.

  (4)   A choice has effect from the start of the applicable commencement date.

  (5)   A choice may not be revoked.


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