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

78   Interpretation

Section 82AQ of the Principal Act is amended:

(a) by omitting from subsection (1) the definitions of "commissioning date", "eligible Australian ship", "eligible date", "new ship", "subsection 82AA(1) property" and "subsection 82AA(2) ship";
          

(b) by inserting the following definitions in subsection (1):
          

" 'aircraft' means a machine or apparatus that derives support in the atmosphere from the reactions of the air or from buoyancy, but does not include an air-cushion vehicle; 'Australian satellite' has the same meaning as in the Radiocommunications Act 1983;

'ship' means a vessel or boat of any description, and includes an air-cushion vehicle, but does not include a floating structure;";

(c) by adding at the end the following subsection:
          

"(4) For the purposes of this Subdivision, an Australian satellite is taken to be in Australia.".