INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Sections 54 to 62AAV (inclusive) do not apply to the 1997-98 year of income or later years of income except to the extent they are applied under the
Income Tax (Transitional Provisions) Act 1997
The provisions of Division 42 of the Income Tax Assessment Act 1997 apply instead.53I(2) [Continuing application re special depreciation on trading ships]
However, the provisions mentioned in subsection (1) continue to apply for the purposes of the operation of section 57AM for the 1997-98 year of income and later years of income.53I(3) [Firearms surrender arrangements]
Also, the provisions mentioned in subsection (1) continue to apply for the operation of subsection
for the 1997-98 year of income and for later years of income in which proceeds are derived as a result of firearms surrender arrangements.
Firearms surrender arrangements has the meaning given by subsection 6(1) .