INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 716 - Miscellaneous special rules  

Subdivision 716-G - Software development pools  

SECTION 716-340   716-340   Expenditure incurred before 1 July 2001 and allocated to a software pool  


Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.


Extended operation of sections of the Income Tax Assessment Act 1997
Column 1 Column 2
Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to: In the same way as they operate in relation to:
1 Former section 46-90 of that Act Section 40-455 of that Act
2 A software pool created under former Subdivision 46-D of that Act A software development pool
3 Expenditure in a software pool under former Subdivision 46-D of that Act Expenditure allocated to a software development pool
4 Software, expenditure on which was in a software pool under former Subdivision 46-D of that Act In-house software, expenditure on the development of which is allocated to a software development pool




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