Tax Laws Amendment (Budget Measures) Act 2008 (59 of 2008)

Schedule 2   In-house software

Income Tax Assessment Act 1997

2   Application

The amendment made by item 1 applies to in-house software that:

(a) you start to hold under a contract entered into after 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 2008; or

(b) you developed, where the development started after that time; or

(c) you start to hold in some other way after that time.