Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 310.85

             (1)  A choice under this Division must be made:

                     (a)  by the day the transferring entity's * income tax return is lodged for the transfer year for the entity; or

                     (b)  within a further time allowed by the Commissioner.

             (2)  The way the transferring entity's * income tax return is prepared is sufficient evidence of the making of the choice.

Table of Subdivisions

             Guide to Division 315

315-A   Capital gains and losses connected with a demutualisation of a private health insurer to be disregarded

315-B    Cost base of certain shares and rights in private health insurers

315-C    Lost policy holders trust

315-D   Special cost base rules for certain shares and rights in holding companies

315-E    Special CGT rule for legal personal representatives and beneficiaries

315-F    Non-CGT consequences of demutualisation

Guide to Division 315