Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992 - SECT 39

39. Section 82AQ of the Principal Act is amended by inserting after subsection
(3) the following subsections:

"(3A) If:

   (a)  a taxpayer is the lessee of land under a Crown lease; and

   (b)  a unit of property is affixed to the land; and

   (c)  because of section 54AA, the provisions of this Act relating to
        depreciation apply as if the taxpayer were the owner of the property
        instead of any other person; this Subdivision applies as if the
        taxpayer were the owner of the property instead of any other person.

"(3B) In subsection (3A):
'Crown lease' has the same meaning as in section 54AA;
'lessee' has the same meaning as in section 54AA.".