14Annual report

14 Annual report Part III—Liability to taxation Division 1—General 18 Accounting period 18A Accounting periods for VCLPs, ESVCLPs, AFOFs and VCMPs 21 Where consideration not in cash 21A Non‑cash business benefits 23AA Income of persons connected with certain projects of United States Government 23AB Income of certain persons serving with an armed force under the control of the United Nations 23AD Exemption of pay and allowances of Defence Force members performing certain overseas duty 23AF Exemption of certain income derived in respect of approved overseas projects 23AG Exemption of income earned in overseas employment 23AH Foreign branch income of Australian companies not assessable 23AI Amounts paid out of attributed income not assessable 23AK Amounts paid out of attributed foreign investment fund income not assessable 23B Reduction of disposal consideration if FIF attributed income not distributed 23G Exemption of interest received by credit unions 23K Substitution of certain securities 23L Certain benefits in the nature of income not assessable Division 1AB—Certain State/Territory bodies exempt from income tax Subdivision A—Exemption for certain State/Territory bodies 24AK Key principle 24AL Diagram—guide to work out if body is exempt under this Division 24AM Certain STBs exempt from tax 24AN Certain STBs not exempt from tax under this Division 24AO First way in which a body can be an STB 24AP Second way in which a body can be an STB 24AQ Third way in which a body can be an STB 24AR Fourth way in which a body can be an STB 24AS Fifth way in which a body can be an STB 24AT What do excluded STB, government entity and Territory mean? 24AU Governor, Minister and Department Head taken to be a government entity 24AV Regulations prescribing excluded STBs Subdivision B—Body ceasing to be an STB 24AW Body ceasing to be an STB 24AX Special provisions relating to capital gains and losses 24AY Losses from STB years not carried forward 24AYA Effect of unfunded superannuation liabilities 24AZ Meaning of period and prescribed excluded STB