INCOME TAX ASSESSMENT ACT 1936 - SECT 135A Freights payable under certain agreements
INCOME TAX ASSESSMENT ACT 1936 - SECT 135A
Freights payable under certain agreements Where goods are shipped in pursuance of an agreement of the kind
specified in section 7C of the Australian Industries Preservation Act
1906 - 1937 , the amount paid or payable to the owner or charterer of the ship
in respect of the carriage of those goods shall, for the purposes of this
Division, be deemed to be the amount remaining after deducting from the amount
which would be payable according to the gross rate of freight specified in the
agreement the amount of any rebate allowed in pursuance of the agreement or
any payment, whenever made, by the owner or charterer, or out of funds
provided by the owner or charterer, to any person or persons being the owner
or shipper of the goods or the agent of either of them in respect of the
shipment.