Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 716.340

    Sections   716 - 340 and 716 - 345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.

 

Extended operation of sections of the Income Tax Assessment Act 1997
	Column 1 Sections   716 - 340 and 716 - 345 of the Income Tax Assessment Act 1997 operate in relation to:	Column 2 In the same way as they operate in relation to:
1	Former section   46 - 90 of that Act	Section   40 - 455 of that Act
2	A software pool created under former Subdivision   46 - D of that Act	A software development pool
3	Expenditure in a software pool under former Subdivision   46 - D of that Act	Expenditure allocated to a software development pool
4	Software, expenditure on which was in a software pool under former Subdivision   46 - D of that Act	In - house software, expenditure on the development of which is allocated to a software development pool

Table of Subdivisions

719 - A   Modified application of Part   3 - 90 to MEC groups

719 - B   MEC groups and their members

719 - C   Cost setting

719 - F   Losses

719 - I   Bad debts

Table of sections

719 - 2   Modified application of Part   3 - 90 to MEC groups