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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 960.262

Application of Subdivision 960-M of the Income Tax Assessment Act 1997

             (1)  Subdivision 960-M of the Income Tax Assessment Act 1997 (about indexation) applies to assessments for the 1998-99 income year and later income years (except so far as it affects the car depreciation limit).

             (2)  For the car depreciation limit (see section 42-80 of the Income Tax Assessment Act 1997 ), that Subdivision applies to the 1998-99 financial year and later financial years.



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