Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)
Schedule 1 Consolidation
Part 5 Low-value and software development pools
Income Tax (Transitional Provisions) Act 1997
12 After Division 713
Insert:
Division 716 - Miscellaneous special rules
Table of Subdivisions
716-G Software development pools
Subdivision 716-G - Software development pools
Table of sections
716-340 Expenditure incurred before 1 July 2001 and allocated to a software pool
716-340 Expenditure incurred before 1 July 2001 and allocated to a software pool
Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.
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Extended operation of sections of the Income Tax Assessment Act 1997 |
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Column 1
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Column 2
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1 |
Former section 46-90 of that Act |
Section 40-455 of that Act |
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2 |
A software pool created under former Subdivision 46-D of that Act |
A software development pool |
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3 |
Expenditure in a software pool under former Subdivision 46-D of that Act |
Expenditure allocated to a software development pool |
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4 |
Software, expenditure on which was in a software pool under former Subdivision 46-D of that Act |
In-house software, expenditure on the development of which is allocated to a software development pool |