Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon John Dawkins, M.P.)Miscellaneous Amendment
Depreciation rollover relief
12.1. This amendment corrects a clerical error in transitional rules applicable to the rollover relief provisions for certain disposals of depreciable property.
12.2. It replaces the word "transferee" as it appears in transitional sub-subparagraphs 71(4)(b)(ii)(A), 71(5)(b)(ii)(A) and 71(6)(b)(ii)(A) with the word "transferor". [Clause 103]
12.3. The amendment applies from the same time as the original amendments; that is, in respect of disposals that occur after 19 December 1991. [Clause 104]
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