Document ID: chunk:federal_register_of_legislation:C2004A04932:body:0:p7
Version: federal_register_of_legislation:C2004A04932
Segment Type: other
Provision Reference: 
Character Range: 14863–17692

immediately before the commencing time.

Income tax treatment of certain assets

19.(1) Any eligible building that is used by AA in performing its functions is taken to be owned by AA for the purposes of applying section 54, or Division 10D of Part III, of the Income Tax Assessment Act 1936 to AA.

(2) The surrender by AA of an equitable interest in respect of an eligible building is not a disposal of an asset for the purposes of applying Part IIIA of the Income Tax Assessment Act 1936 to AA.

(3) The granting of a lease by the Federal Airports Corporation to AA or CASA in respect of an eligible building is not a disposal of an asset for the purposes of applying Part IIIA of the Income Tax Assessment Act 1936 to the Federal Airports Corporation.

(4) In this section:

"eligible building" means a building or fixed structure identified in a determination made by an authorised person for the purposes of this section and includes any plant or equipment that is fixed to such a building or fixed structure.

AA to inherit CAA's tax position

20. For the purposes of the taxation laws of the Commonwealth, AA is to be treated as being the successor of CAA.

Appointment of Director of Aviation Safety

21. The first appointment of a Director of Aviation Safety under section 84 of the Civil Aviation Act may be made by the Minister without receiving a recommendation from the Board.

Regulations

22.(1) The Governor-General may make regulations prescribing matters:

    (a) required or permitted by this Act to be prescribed; or

    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.

(2) In particular, regulations may be made in relation to transitional matters arising out of the abolition of CAA and its replacement by AA and CASA, or otherwise arising out of the enactment of this Act or the Air Services Act.

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 SCHEDULE 1 Section 3

AMENDMENT OF THE CIVIL AVIATION ACT 1988

1. Title:

After "Aviation" insert "Safety".

2. Subsection 3(1) (definition of "authorised officer"):

Omit "the Authority", substitute "CASA".

3. Subsection 3(1) (definition of "Board"):

Omit "the Authority", substitute "CASA".

4. Subsection 3(1) (definition of "certificate"):

Omit "Air Operator's Certificate", substitute "AOC".

5. Subsection 3(1) (definition of "corporate plan"):

Omit "developed by the Board under paragraph 43(1)(a)", substitute "prepared by the Board under subsection 44(1)".

6. Subsection 3(1) (definition of "member"):

Omit "and the Deputy Chairperson".

7. Subsection 3(1) (definition of "officer"):

Omit "the Authority", substitute "CASA".

8. Subsection 3(1) (definition of "aerodrome"):

Omit the definition, substitute:

" 'aerodrome' means an area of land or water (including any buildings, installations and equipment), the use of which