Explanatory Memorandum
CHAPTER 9 - Miscellaneous provisions
Depreciation on trading ships
9.1 This amendment extends the operation of the special provision relating to the depreciation of trading shipping from 1 July 1997 to 30 June 2002. [Item 44 of Schedule 1]
9.2 This amendment will be effective from the date of Royal Assent.
Amendment of the Taxation Laws Amendment (Drought Relief Measures) Act 1995
9.3 This amendment corrects an error in subsection 170(10) by inserting Part XII after subsection 221YRA(2). [Items 1 and 2 of Schedule 4]
9.4 This amendment is effective from the moment immediately after the commencement of the Taxation Laws Amendment (Drought Relief Measures) Act 1995 . [Subclause 2(2)]