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

80   Transitional - old investment allowance provisions

In spite of the amendments made by this Division, subsections 51AE(14) and 57AM(33) and Subdivision B of Division 3 of Part III of the Principal Act continue to apply, in relation to:

(a) a unit of subsection 82AA(1) property that was first used or installed ready for use before 1 January 1988; or
              

(b) a subsection 82AA(2) ship that was first used or installed ready for use before 1 January 1988; as if those amendments had not been made.