INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 3
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Deductions
Subdivision B
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Development allowance
SECTION 82AAAA
OBJECT
82AAAA(1)
[Tax incentives]
The object of this Subdivision and the Development Allowance Authority Act 1992 is to provide tax incentives for investment in large Australian projects which cost $50 million or more and meet certain other criteria.
82AAAA(2) [Development allowance]The tax incentive takes the form of an allowable deduction, which may be referred to as development allowance.
82AAAA(3) [Deduction provision]The main deduction provision is section 82AB .
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