CTHIn ForceAct
Commonwealth Banks Restructuring Act 1990
73Application of Income Tax Assessment Act
Start here
Get a plain-English read of 73
Turn the raw legal text into a practical explanation grounded in Commonwealth Banks Restructuring Act 1990.
73 Application of Income Tax Assessment Act
(1) If, before the succession day, section 128F of the Income Tax Assessment Act 1936 applied to interest paid by the State Bank in respect of debentures issued by the State Bank, that section applies on and after the succession day to interest paid by the Commonwealth Bank in respect of those debentures. (2) For the purposes of the Income Tax Assessment Act 1936, nothing in this Part affects the continuity of any partnership in which the State Bank was a partner immediately before the succession day.