Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 716.340

Expenditure incurred before 1 July 2001 and allocated to a software pool

                   Sections 716-340 and 716- 345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.

 

Extended operation of sections of the Income Tax Assessment Act 1997

 

Column 1
Sections 716-340 and 716- 345 of the Income Tax Assessment Act 1997 operate in relation to:

Column 2
In the same way as they operate in relation to:

1

Former section 46-90 of that Act

Section 40-455 of that Act

2

A software pool created under former Subdivision 46-D of that Act

A software development pool

3

Expenditure in a software pool under former Subdivision 46-D of that Act

Expenditure allocated to a software development pool

4

Software, expenditure on which was in a software pool under former Subdivision 46-D of that Act

In-house software, expenditure on the development of which is allocated to a software development pool


 

   

Table of Subdivisions

719-A   Modified application of Part 3-90 to MEC groups

719-B    MEC groups and their members

719-C    Cost setting

719-F    Losses

719-I     Bad debts

Table of sections

719-2        Modified application of Part 3-90 to MEC groups


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback