Income Tax (Transitional Provisions) Act 1997
This section applies to the following (the instrument ):
(a) a determination under section 40-100 of the Income Tax Assessment Act 1997 of the effective life of an asset;
(b) a calculation under section 40-105 of that Act of the effective life of an asset;
if the instrument was in force immediately before the commencement of Schedule 1 to the Tax Laws Amendment (Research and Development) Act 2011 .40-105(2)
The instrument has effect, after that commencement, as if it had been made under that section as amended by the Tax Laws Amendment (Research and Development) Act 2011 .
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