Taxation Laws Amendment Act (No. 2) 1994 (82 of 1994)

Part 4   AMENDMENTS RELATING TO NON-COMPULSORY UNIFORMS/WARDROBES

Division 2   Amendment of the Taxation Laws Amendment Act (No. 6) 1992

125   Repeal of section and substitution of new section

Section 5 of the Principal Act is repealed and the following section is substituted:

Transitional-"no deduction" rule does not apply if expense incurred before 1 July 1995 and clothing designs approved by Commissioner

"5. The rule in subsection 51AL(1) of the Principal Act as amended by this Act does not apply if:

(a) the expense is incurred before 1 July 1995; and

(b) before that day and whether before or after the expense is incurred, the Commissioner, on application by the employer of an employee, gives the employer a written statement to the effect that the Commissioner is of the opinion that the designs of the set of one or more items of clothing to which the expense relates were a 'corporate uniform' or a 'corporate wardrobe' within the meaning of Taxation Ruling IT 2641; and

(c) if the application for the statement is made after 31 August 1993-sets of one or more items of clothing having those designs were available for purchase by employees of the employer on or before 31 August 1993.".