Document ID: chunk:federal_register_of_legislation:C2010C00691:schedule:38:p4
Version: federal_register_of_legislation:C2010C00691
Segment Type: schedule
Provision Reference: sch 38 (pt 4/7)
Character Range: 135857–138629

project at the transfer
time; and
  (b) the purchaser or purchasers are taken not to have incurred any eligible
real expenditure in relation to the transaction because of the transfer of any
such property.
Application of sections 27, 28 and 29
  "(9) In any application of section 27, 28 or 29 after the transfer time, the
purchaser, or each of the purchasers in proportion to its acquired entitlement
to assessable receipts, is taken to have incurred the transfer percentage of
any eligible real expenditure incurred by the vendor in relation to the
project (including any pre-combination project in relation to the project).
Application of section 40
  "(10) In any application of section 40 after the transfer time, the
purchaser, or each of the purchasers in proportion to its acquired entitlement
to assessable receipts, is taken to have brought to account as a receipt of a
kind referred to in section 24, 25, 27, 28 or 29 in relation to the project
(including any pre-combination project in relation to the project) the
transfer percentage of any debt so brought to account by the vendor.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 130
Annual returns

  130.(1) Section 59 of the Principal Act is amended by omitting from
subsection (1) "21 days" and substituting "42 days".
  (2) The amendment made by subsection (1) applies in relation to the
financial year starting on 1 July 1993 and later financial years.

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 131
Defined terms

  131. Clause 1 of the Schedule to the Principal Act is amended:
  (a) by inserting "or paragraph 48A(5)(c)" after "subparagraph 48(1)(a)(ia)"
in subparagraphs (a)(ii) and (b)(ii) of the definition of "incurred
exploration expenditure amount";
  (b) by inserting "or 48A" after "section 48" in subparagraph (b)(iii) of the
definition of "incurred exploration expenditure amount".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 132
Rule-person must have held interests in relation to transferring entity
and receiving project

  132. Clause 22 of the Schedule to the Principal Act is amended:
  (a) by inserting in subclause (1) "(2AA), (2AB)," after "subclauses (2),";
  (b) by inserting after subclause (2) the following subclauses:
  "(2AA) If:
  (a) the person started (whether or not for the first time) to hold an
interest in relation to the transferring entity during the financial year in
which the expenditure was incurred; and
  (b) the expenditure was incurred after the time (the 'farm-in time') when
the person started to hold the interest; and
  (c) the expenditure was actually incurred by the person (rather than taken
by section 48 or 48A to have been incurred by the person);
subclause (1) does not require the person to