Watson as trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxati

TAXATION – deductibility of administration expenses incurred by scheme administrator of class action settlement fund from assessable interest income accrued on settlement fund moneys – whether expenses incurred in gaining or producing interest income under s 8-1(1)(a) of Income Tax Assessment Act 1997 (Cth) (the ‘1997 Act’) – whether expenses necessarily incurred in carrying on a business for the purpose of gaining or producing interest income under s 8-1(1)(b) of the 1997 Act – whether expenses of a capital nature for the purposes of s 8-1(2)(a) of the 1997 Act

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