Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1992No. 98, 1992 - SECT 69

69. Section 82AH of the Principal Act is amended:

   (a)  by omitting subparagraph (1)(b)(ii) and substituting the following
        subparagraph:

"(ii) the taxpayer:

                (A)  leased the property; or

                (B)  let the property on hire under a hire-purchase agreement;
                     or

                (C)  otherwise granted a right to another person to use the
                     property; or";

   (b)  by inserting after subsection (1) the following subsection:

"(1A) Sub-subparagraphs (1)(b)(ii)(A) and (C) do not apply if the taxpayer
leased the property, or granted rights to use the property, in the taxpayer's
capacity as an eligible entertainment/tourism operator.";

   (c)  by omitting subsections (2A) and (2B);

   (d)  by omitting subsection (3A) and substituting the following subsection:

"(3A) Subparagraphs (3)(b)(iv) and (vi) do not apply if the lessee entered
into the contract or arrangement concerned in the lessee's capacity as an
eligible entertainment/tourism operator.";

   (e)  by omitting subsection (5) and substituting the following subsection:

"(5) Subparagraphs (4)(b)(iii) and (v) do not apply if the taxpayer entered
into the contract or arrangement concerned in the taxpayer's capacity as an
eligible entertainment/tourism operator.".