Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 40.105

             (1)  This section applies to the following (the instrument ):

                     (a)  a determination under section 40-100 of the Income Tax Assessment Act 1997 of the effective life of an asset;

                     (b)  a calculation under section 40-105 of that Act of the effective life of an asset;

if the instrument was in force immediately before the commencement of Schedule 1 to the Tax Laws Amendment (Research and Development) Act 2011 .

             (2)  The instrument has effect, after that commencement, as if it had been made under that section as amended by the Tax Laws Amendment (Research and Development) Act 2011 .

Table of sections