Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 496

Interpretation

             (1)  In this Division:

"eligible activities" means business activities (including the provision of services) other than activities:

                     (a)  named in regulations made for the purposes of this section; or

                     (b)  until regulations are so made--named in Schedule 4.

             (2)  The inclusion in regulations referred to in paragraph (1)(a), or in Schedule 4, of references to banking, investment, life insurance business, general insurance business, and certain activities in connection with real property, as activities that are not eligible activities does not affect the exemptions provided for by Divisions 4, 5, 6 and 7.



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