Commonwealth Numbered Acts

INCOME TAX (ASSESSMENT AND RATES) AMENDMENT ACT 1981 No. 109 of 1981 - SECT 9

9. Section 82AB of the Principal Act is amended by adding at the end thereof
the following sub-section:



"(9) Notwithstanding the preceding provisions of this section, the relevant
amount in respect of eligible expenditure incurred by a taxpayer after 30
April 1981 in respect of a unit of property that -

   (a)  was acquired by the taxpayer under a contract entered into after 30
        April 1981; or

   (b)  was constructed by the taxpayer and commenced to be constructed after
        30 April 1981, is 90% of the amount that, but for this sub-section,
        would be the relevant amount in respect of that eligible
        expenditure.".