“Explains that some definitions were removed from the Income Tax Act in 2014”
This part of the law used to define some words for the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 1 April 2014. This means that from the 2014-15 tax year onwards, these definitions no longer apply. If you need to understand what certain words mean in the Income Tax Act now, you might need to look at other parts of the law or ask for help from someone who knows about taxes.
“How income is treated for companies in the same ownership group”
Part C
Income
Income from mineral mining:
Definitions
CU 29Other definitions (Repealed)
Notes
Section CU 29: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
