(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.
Table of Subdivisions
415-B Application of Subdivision 415-B of the Income Tax Assessment Act 1997
Table of sections
415-10 Application of Subdivision 415-B of the Income Tax Assessment Act 1997