INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
In applying Division 10 in accordance with this Subdivision, for years of income after the changeover year, in relation to an amount of eligible gold mining expenditure, the following provisions have effect:
(a) for the purposes of references in subsections 122DG(4) and (5) to the amount that, but for any deduction limiting provision, would have been allowable as a deduction for the changeover year, section 159GZZL shall be disregarded;
(b) for the purposes of other references in Division 10 , the deduction allowed or allowable in respect of the changeover year shall be taken to have been the sum of the actual deduction and the notional deduction for the changeover year.
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