Taxation Laws Amendment (Self Assessment) Act 1992 (101 of 1992)

SCHEDULE 2   AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936 RELATING TO NOTICES AND REQUESTS

*   Subsection 122B(4)

Omit the subsection, substitute:

"(4) If:

(a) expenditure referred to in subsection (1) relates to a lease; and

(b) the grant, assignment or surrender of that lease is the subject of an election under subsection 88B(5) (whether made before or after an agreement under subsection (1) is made);

any agreement made under subsection (1) in respect of that expenditure is of no effect for the purposes of this section.".