INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision GA - Calculating car expense deductions, and substantiating certain expenses, of the 1994-95, 1995-96 and 1996-97 income years  

SECTION 82KZBF   TRANSITIONAL PROVISIONS ABOUT LOG BOOKS  

82KZBF(1)   [About transitional provisions]  

This section contains transitional provisions about income years for which you need to keep a log book. The general rules about this are in section 7-2 of Schedule 2A .

82KZBF(2)   [Where ``log book'' method used]  

For the purposes of section 7-2 of Schedule 2A , you are taken to have used the log book method for a car for the 1993-94 income year or an earlier income year if section 82KUD applied for the purpose of determining the amounts of deductions allowable under this Act in respect of car expenses you incurred for the car in that income year.

82KZBF(3)   [Maintenance of log book]  

For the purposes of section 7-2 of Schedule 2A , you are taken to have kept a log book for a car for the 1994-95 income year or an earlier income year if log book records and odometer records for the car were maintained by you or on your behalf, in accordance with Subdivision F, for the applicable log book period in that income year. Those log book records and odometer records are taken to be the log book you kept for that income year.

Note:

This subsection also applies to the 1994-95 income year because you may have kept your log book records and odometer records under Subdivision F before Schedule 2A was enacted.

82KZBF(4)   [Exception to keeping log book]  

If subsection 7-2(2) of Schedule 2A would have required you to keep a log book for the 1994-95 income year because you haven't kept one for the car for 4 or more income years in a row, then:

(a) you don't need to keep a log book for the car for the 1994-95 income year; but

(b) you must keep one for the 1995-96 income year, unless for some other reason you keep one for the 1994-95 income year.

82KZBF(5)   [Commissioner's notice re log book]  

If the Commissioner gave you a notice under paragraph 82KTG(h) requiring you to treat the 1994-95 income year as a log book year of income in relation to the car, you must keep a log book for the car for that income year.

Note:

If you kept your log book records and odometer records for that income year under Subdivision F before Schedule 2A was enacted, see subsection (3).