Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p44
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 44/51)
Character Range: 121100–123831

section - paragraph (1)(b) does not
apply)
  "(6) If, apart from this subsection, this section has applied to the
disposal of the unit to the transferee, then, in working out whether this
section applies to a subsequent disposal of the unit by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 56
Application

  56. The amendments made by this Division apply to disposals of property
after 19 December 1991.

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 57
Transitional - elective capital deduction roll-over relief where CGT
roll-over relief available under section 160ZZO of the Principal Act
and property disposed of after 6 December 1990

  57. Section 72 of the Taxation Laws Amendment Act 1992 has, and is taken to
have had, effect as if the amendments made by this Division had been made by
that Act.

Division 16 - Amendment relating to record-keeping

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 58
Keeping of records

  58. Section 262A of the Principal Act is amended by re-locating subsection
(4A) so that it becomes the subsection after subsection (4).

Division 17 - Amendments relating to royalties

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 59
Interpretation

  59. Section 6 of the Principal Act is amended:
  (a) by inserting after paragraph (d) of the definition of "royalty" or
"royalties" in subsection (1) the following paragraphs:
  "(da) the reception of, or the right to receive, visual images or sounds, or
both, transmitted to the public by:
    (i) satellite; or
    (ii) cable, optic fibre or similar technology;
  (db) the use in connection with television broadcasting or radio
broadcasting, or the right to use in connection with television broadcasting
or radio broadcasting, visual images or sounds, or both, transmitted by:
    (i) satellite; or
    (ii) cable, optic fibre or similar technology;";
  (b) by omitting "or" from the end of subparagraph (f)(ii) of the definition
of "royalty" or "royalties" in subsection (1);
  (c) by inserting after subparagraph (f)(ii) of the definition of "royalty"
or "royalties" in subsection (1) the following subparagraphs:
    "(iia) the reception of, or the granting of the right to receive,
any such visual images or sounds as are mentioned in paragraph (da);
    (iib) the use of, or the granting of the right to use, any such
visual images or sounds as are mentioned in paragraph (db); or".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 60
Source of royalty income derived by a