INCOME TAX ASSESSMENT AMENDMENT ACT 1983

Table of Provisions

• 1 Short title.  
• 2 Commencement  
• 3 Exemption of certain film income  
• 4 Certain items of assessable income  
• 5 Certain film proceeds included in assessable income  
• 6 Interpretation  
• 7 Calculation of taxable income  
• 8 Divisible amounts of assessable income  
• 9 Divisible deductions  
• 10 Special depreciation on property used for storage of grain, hay or fodder  
• 11 Limit on cost price for depreciation of motor vehicle  
• 12 Special depreciation on plant  
• 13 Special depreciation on property used for primary production  
• 14 Special depreciation on property used for basic iron or steel production  
• 15  
• 16 Film losses  
• 17 Beneficiary not under any legal disability  
• 18 Liability of trustee  
• 19  
• 20 Purchase of mining or prospecting right or information  
• 21 Deduction of residual previous capital expenditure  
• 22 Deduction of residual capital expenditure  
• 23 Residual (1 May 1981 to 18 August 1981) capital expenditure  
• 24 Deduction of residual (1 May 1981 to 18 August 1981) capital expenditure  
• 25 Residual (19 August 1981 to 19 July 1982) capital expenditure  
• 26 Deduction of residual (19 August 1981 to 19 July 1982) capital expenditure  
• 27  
• 28 Deductions not allowable under other provisions  
• 29 Election in relation to expenditure incurred after 17 August 1976  
• 30 Purchase of prospecting or mining rights or information  
• 31 Deduction of residual previous capital expenditure  
• 32 Deduction of residual capital expenditure  
• 33 Deduction of residual (1 May 1981 to 18 August 1981) capital expenditure  
• 34 Residual (19 August 1981 to 19 July 1982) capital expenditure  
• 35 Deduction of residual (19 August 1981 to 19 July 1982) capital expenditure  
• 36  
• 37 Deduction of unrecouped previous capital expenditure  
• 38 Exploration and prospecting expenditure  
• 39 Double deductions  
• 40 Reduction of allowable deductions where certain declarations lodged  
• 41 Definitions  
• 42 Application of Division where deduction allowable under section 124ZAF or 124ZAFA  
• 43 Disposal of unit of industrial property where deduction allowable under section 124ZAF or 124ZAFA  
• 44 Interpretation  
• 45  
• 46 Election that Division not apply  
• 47 Deductions for capital expenditure under pre 13 January 1983 contracts  
• 48  
• 49 Expenditure of contributions  
• 50  
• 51 Allocation of contributions expended  
• 52 Variation of contracts  
• 53 Limitation of deductibility of revenue expenses  
• 54  
• 55 Rebate of tax for certain primary producers  
• 56 Amount of instalment of tax  
• 57 Estimated income tax  
• 58 Interpretation  
• 59 Employer not accounting for deductions  
• 60 Interpretation  
• 61 Amount of provisional tax  
• 62 Provisional tax on estimated income  
• 63 Additional tax where income underestimated  
• 64 Reduction of provisional tax  
• 65  
• 66  
• 67 Application of trust amendments  
• 68 Amendment of assessments