INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
If:
(a) you have deducted or can deduct an amount for depreciation of plant under the old depreciation provisions; and
(b) in the 1997-98 income year or a later income year, a roll-over event occurs for the plant;
Subdivision 41-A of the 1997 Act (Common rule 1) applies as if:
(c) you had deducted or could deduct an amount for depreciation of the plant under the new depreciation provisions; and
(d) if in the 1996-97 income year or an earlier income year there was a disposal of the plant where roll-over relief was available under section 58 of the 1936 Act - that Common rule had applied to the disposal.
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