INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 16H - Termination of gold mining exemptions  

Subdivision C - Division 10AAA  

SECTION 159GZZX  

159GZZX   DIVISION 10AAA APPLIES AS IF ELIGIBLE GOLD TRANSPORT EXPENDITURE NOTIONALLY WRITTEN-DOWN  
Subject to this Subdivision, where a taxpayer incurs or incurred eligible gold transport expenditure, Division 10AAA applies to the expenditure for the changeover year and all subsequent years of income as if paragraph 23(o) and sections 123BA , 123BB and 159GZZZB had not been enacted.