Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1993No. 17, 1993 - SECT 65

65. Section 38 of the Principal Act is amended:

   (a)  by omitting "or" from the end of paragraph (3)(d) and substituting
        "and";
(b) by omitting from paragraph (3)(e) "in any other case" and substituting "if
paragraph (d) does not apply";

   (c)  by omitting from subparagraph (3)(e)(v) "enacted." and substituting
        "enacted; and";

   (d)  by adding at the end of subsection (3) the following paragraph:

"(f) if paragraph (d) does not apply-the depreciated value of the property at
a time when the property was owned by the taxpayer were worked out as if the
assumptions set out in subparagraphs (e)(i) to (v) (inclusive) were made.".
NOTE ABOUT SUBSECTION HEADINGS
1. On the day on which section 57AF of the Income Tax Assessment Act 1936 is
amended by this Act, headings to subsections of that section (as renumbered in
accordance with this Act) are inserted as set out in the following table:
    Heading to             Heading to be inserted

    Subsection 57AF(1)     (Units of property to which this section

applies)
    Subsetion 57AF(10)     (Reduced disposal price in return for

discount)
    Subsection 57AF(11)    (Meaning of "market value")

    Subsection 57AF(12)    (Definitions)