Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 11   Amendments relating to development allowance

60   Special depreciation on trading ships

Section 57AM of the Principal Act is amended by omitting from paragraph (33)(h) "and, if the ship was acquired new by the lessee under a contract entered into on or after 1 January 1976 or was constructed by the lessee and the construction commenced on or after that date, for the purposes of Subdivision B".