Commonwealth Numbered Acts Commonwealth Numbered Acts
Income Tax Assessment Act 1936
1 Subparagraph 128B(3)(a)(i)
Omit "or 9.2", substitute ", 9.2 or 9.3".
Income Tax Assessment Act 1997
2 Section 11-5 (table item headed "sports, culture or recreation")
After:
| game society etc. ................................................................... | 50-45 |
insert:
| ICC Business Corporation FZ-LLC.................................... | 50-45 |
3 Section 50-40 (table item 8.4)
Omit "in assessable income", substitute "as * ordinary income or * statutory income".
4 Section 50-45 (at the end of the table)
Add:
| 9.3 | ICC Business Corporation FZ-LLC | both of the following: (a) the entity is a * wholly-owned subsidiary of International Cricket Council Limited; (b) only amounts included as * ordinary income or * statutory income: (i) on or after 1 July 2018; and (ii) before 1 July 2023 |