INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision B - Development allowance  

SECTION 82AAAA   OBJECT  

82AAAA(1)   [Tax incentives]  

The object of this Subdivision and the Development Allowance Authority Act 1992 is to provide tax incentives for investment in large Australian projects which cost $50 million or more and meet certain other criteria.

82AAAA(2)   [Development allowance]  

The tax incentive takes the form of an allowable deduction, which may be referred to as development allowance.

82AAAA(3)   [Deduction provision]  

The main deduction provision is section 82AB .