Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 3   Depreciation of plant previously owned by an exempt entity

Part 4   Application of amendments

33   Application

(1) The amendments made by this Schedule other than items 8, 9, 10 and 11 apply where the transition time or acquisition time, as the case may be, referred to in Division 58 inserted in theIncome Tax Assessment Act 1997 by item 7 is a time on or after 4 August 1997.

(2) The amendments made by items 8, 9, 10 and 11 apply to assessments for the 1998-99 income year and later income years.