INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 16H - Termination of gold mining exemptions  

Subdivision B - Division 10 and related provisions  

SECTION 159GZZK  

159GZZK   ELIGIBLE GOLD MINING EXPENDITURE - DIVISION 10 APPLIES AS IF NOTIONAL WRITING-DOWN ASSUMPTIONS MADE  
Subject to this Subdivision, where a taxpayer incurs or incurred eligible gold mining expenditure, Division 10 applies to the expenditure for the changeover year and all subsequent years of income as if the notional writing-down assumptions were made.