Commonwealth Numbered Acts

INCOME TAX ASSESSMENT AMENDMENT ACT 1984 No. 14 of 1984 - SECT 19

19. Section 82AJA of the Principal Act is amended-

   (a)  by inserting in sub-section (1) ", and paragraph 82AG (2A) (b) does
        not apply in relation to a ship ceasing to be an eligible Australian
        ship by
reason only of the disposal of the ship by a taxpayer being a company" after
"company" (first occurring);

   (b)  by omitting from sub-section (1) "the period of 12 months after the
        date on which the property was first used, or installed ready for use,
        by the taxpayer" and substituting "a particular period of 12 months";

   (c)  by omitting "or" from the end of sub-paragraph (1) (d) (i); and

   (d)  by omitting sub-paragraph (1) (d) (ii) and substituting the following
        sub-paragraph:



"(ii) in a case where the property is sub-section 82AA (1) property-use the
property outside Australia or for a purpose other than the purpose of
producing assessable income.".