Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)
Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 11 Amendments relating to development allowance
71 Notional disposal of property under hire-purchase
Section 82AI of the Principal Act is amended by omitting paragraphs (a) and (b) and substituting the following paragraphs:
"(a) the taxpayer is taken to have disposed of the property; and
(b) the disposal is taken to have occurred at the time when possession of the property was so obtained by the owner.".
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