Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)
Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 11 Amendments relating to development allowance
80 Transitional - old investment allowance provisions
In spite of the amendments made by this Division, subsections 51AE(14) and 57AM(33) and Subdivision B of Division 3 of Part III of the Principal Act continue to apply, in relation to:
(a) a unit of subsection 82AA(1) property that was first used or installed ready for use before 1 January 1988; or
(b) a subsection 82AA(2) ship that was first used or installed ready for use before 1 January 1988; as if those amendments had not been made.
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