Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 716 - Miscellaneous special rules  

Subdivision 716-G - Software development pools  

SECTION 716-340  

716-340   Expenditure incurred before 1 July 2001 and allocated to a software pool  

Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.

Extended operation of sections of the Income Tax Assessment Act 1997
Column 1	Column 2
Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to:	In the same way as they operate in relation to:
1	Former section 46-90 of that Act	Section 40-455 of that Act
2	A software pool created under former Subdivision 46-D of that Act	A software development pool
3	Expenditure in a software pool under former Subdivision 46-D of that Act	Expenditure allocated to a software development pool
4	Software, expenditure on which was in a software pool under former Subdivision 46-D of that Act	In-house software, expenditure on the development of which is allocated to a software development pool