INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

Table of Provisions

• Long Title

• 1.1 Short title  
• 1.5 Commencement  
• 1.10 Expressions mean the same as in the Income Tax Assessment Act 1997  
• 4.1 Application of the Income Tax Assessment Act 1997  
• 6.2 Effect of this Division  
• 6.3 Assessable income for income years before 1997-98  
• 6.20 Exempt income for income years before 1997-98  
• 8.2 Effect of this Division  
• 8.3 Deductions for income years before 1997-98  
• 8.10 No double deductions for income year before 1997-98 and income year after 1996-97  
• 28.100 Log books  
• 36.100 Tax losses for the 1997-98 and later income years  
• 36.105 Tax losses for 1989-90 to 1996-97 income years  
• 36.110 Tax losses for 1957-58 to 1988-89 income years  
• 43.100 Application of Division 43 to quasi-ownership rights over land  
• 43.105 Application of subsections 43-50(1) and (2) to hotel buildings and apartment buildings  
• 330.1 Converting pre-19 July 1982 general mining and petroleum expenditure into allowable capital expenditure under the new law  
• 330.5 Converting post-19 July 1982 general mining and petroleum expenditure, and post-15 August 1989 quarrying expenditure, into allowable capital expenditure under the new law  
• 330.10 Converting old excess pre-1 July 1974 general mining exploration or prospecting deductions into allowable capital expenditure under the new law  
• 330.15 Reducing your unrecouped expenditure in the year you derive exempt income from the sale of rights to mine  
• 330.20 Reducing your unrecouped expenditure in a year later than the year you derive exempt income from the sale of rights to mine  
• 330.25 Old general mining and petroleum expenditure on plant cannot be transferred under the new law  
• 330.30 Converting old excess 1 July 1974 to 21 August 1984 general mining exploration or prospecting deductions into excess deductions under the new law  
• 330.35 Converting old excess pre-17 August 1976 petroleum exploration or prospecting deductions into excess deductions under the new law  
• 330.40 Converting old excess post-21 August 1984 general mining, post-15 August 1989 quarrying and post-17 August 1976 petroleum, exploration or prospecting deductions into excess deductions under the new law  
• 330.45 Converting old excess general mining, quarrying and petroleum deductions into excess deductions under the new law  
• 330.50 Preserving the old election rules for post-1 July 1985 general mining, quarrying and petroleum expenditure  
• 330.55 No right to elect that your deductions be unlimited for pre-1 July 1985 general mining and petroleum expenditure  
• 330.60 Converting old transport expenditure into transport capital expenditure under the new law  
• 330.65 How the balancing adjustment is affected if there has only been old roll-over relief  
• 330.70 What the corresponding previous law is  
• 330.72 What the old excess deduction provisions are  
• 330.75 Modifying Common rule 1 so that it may apply to a disposal of property under the new law  
• 375.100 Film component of tax loss for 1997-98 or later income year  
• 375.105 Film component of tax loss for 1989-90 to 1996-97 income years  
• 375.110 Film loss for 1989-90 or later income year  
  (Assented to 17 April 1997)