Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 6   Amendments relating to infrastructure borrowings

36   Application of Division

The amendments made by this Division apply to an infrastructure borrowing, where all of the following conditions are satisfied:

(a) the borrowing takes place on or after 1 July 1992;
          

(b) no contract for spending any of the borrowed money was entered into before 27 February 1992;
          

(c) no construction or acquisition on which the borrowed money is to be spent began before 1 July 1992.