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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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