New Business Tax System (Integrity Measures) Act 2000 (90 of 2000)

Schedule 2   Deducting prepayment

Part 3   Application provisions

11   Application of amendments

 

(1) The amendments made by Part 1 of this Schedule apply to:

(a) expenditure incurred by a taxpayer after 1 pm (by legal time in the Australian Capital Territory) on 11 November 1999; and

(b) the taxpayer's assessments for the year of income including that day and for later years of income.

      

(2) The amendments made by Part 2 of this Schedule apply to expenditure incurred by a taxpayer in a year of income after the taxpayer's year of income that includes 21 September 2002.