Commonwealth Numbered Acts

Income Tax Assessment Amendment Act (No. 4) 1982 No. 76 of 1982 - SECT 11

11. (1) The amendments made by sections 7 and 8 apply in relation to calls
paid on shares, or moneys paid on shares, after 24 September 1978.

(2) Where-

   (a)  in the making of an assessment, a tax benefit has not been allowed
        to a taxpayer in respect of expenditure to which paragraph (s), (t) or
        (u) of the
definition of ''relevant expenditure'' in sub-section 82KH (1) of the Income
Tax Assessment Act 1936 applies;

   (b)  on or before the date of commencement of this section, the taxpayer
        has posted to or lodged with the Commissioner an objection in writing
        against the assessment; and

   (c)  within 60 days after the date of commencement of this section, the
        taxpayer posts to or lodges with the Commissioner an application in
        writing to amend the objection to include in the grounds of objection
        the ground that section 82KL of the Income Tax Assessment Act 1936
        does not operate to deem a tax benefit not to be allowable
        to the taxpayer in respect of that expenditure, that ground of
        objection shall, for all purposes of the Income Tax Assessment  Act
        1936 , be taken to be stated in the taxpayer's objection.