INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 400 - Environmental impact assessment and environmental protection  

SECTION 400-20 (ARCHIVE)   Deductions under section 82BB of the Income Tax Assessment Act 1936  
Deductions under section 82BB do not prevent deductions under Subdivision 400-A of the Income Tax Assessment Act 1997

400-20(1)    
In applying section 400-20 of the Income Tax Assessment Act 1997 to work out whether you can deduct an amount under Subdivision 400-A of that Act for expenditure, disregard any possibility of deducting an amount for the expenditure under section 82BB of the Income Tax Assessment Act 1936 .

Note:

This ensures that you can deduct amounts under Subdivision 400-A of the Income Tax Assessment Act 1997 for the 1998-99 income year and later income years, even if you can deduct amounts under section 82BB of the Income Tax Assessment Act 1936 for one or more income years before the 1998-99 income year.

Saving of deductions under section 82BB of the Income Tax Assessment Act 1936

400-20(2)    
Subdivision 400-A of the Income Tax Assessment Act 1997 does not affect a deduction under section 82BB of the Income Tax Assessment Act 1936 for the 1997-98 income year or an earlier income year.