INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 242 - Leases of luxury cars  

SECTION 242-20   242-20   Balancing adjustments  


Sections 242-20 and 242-90 of the Income Tax Assessment Act 1997 apply to an amount included in assessable income under former Subdivision 42-F or 42-G of the Income Tax Assessment Act 1997 and former subsection 59(2) of the Income Tax Assessment Act 1936 in the same way as they apply to an amount included in assessable income under section 40-285 of the Income Tax Assessment Act 1997 .



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