Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 405

Interpretation

             (1)  In this Subdivision:

"commencing day " has the meaning given by section 406.

"commencing day asset" has the meaning given by section 406.

             (3)  Some provisions of this Subdivision say that a payment can include giving property. To the extent that one does, use the market value of the property in working out the amount of the payment.



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