Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)

Schedule 1   Consolidation

Part 5   Low-value and software development pools

Income Tax (Transitional Provisions) Act 1997

12   After Division 713

Insert:

Division 716 - Miscellaneous special rules

Table of Subdivisions

716-G Software development pools

Subdivision 716-G - Software development pools

Table of sections

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

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
Sections 716-340 and 716-345 of the Income Tax Assessment Act 1997 operate in relation to:

Column 2
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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