DEVELOPMENT ALLOWANCE AUTHORITY ACT 1980 (ARCHIVE)

CHAPTER 2 - DEVELOPMENT ALLOWANCE  

PART 2 - KEY CONCEPTS RELATING TO PROJECTS  

Division 8 - Prospective deduction test  

SECTION 23 (ARCHIVE)  

23   APPLICATION OF TAX ACT TO PROSPECTIVE DEDUCTION TEST  
In applying the prospective deduction test, the DAA may make such assumptions as appear to the DAA to be reasonable about:

(a) the exercise by the Commissioner of Taxation of any power conferred by:

(i) Part IVA of the Tax Act (which deals with tax avoidance schemes); and

(ii) any other provision of the Tax Act; and

(b) the attainment by the Commissioner of Taxation of any state of mind relevant to the application of any provision of the Tax Act.