Document ID: chunk:federal_register_of_legislation:C2010C00691:schedule:38:p5
Version: federal_register_of_legislation:C2010C00691
Segment Type: schedule
Provision Reference: sch 38 (pt 5/7)
Character Range: 138404–141037

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 have held an interest in relation
to the transferring entity before the farm-in time.
  "(2AB) If:
  (a) at a time (the 'cessation time') after the expenditure was incurred and
on or after 1 July 1993, the person ceased to hold any interest in relation to
the transferring entity; and
  (b) the cessation did not occur because of a transaction to which section 48
applies;
subclause (1) does not require the person to have held an interest in relation
to the transferring entity at a time after the cessation time.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 133
Rule-loss company and profit company to have held interests and been
group companies

  133. Clause 31 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 loss company 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 loss company started to hold the interest; and
  (c) the expenditure was actually incurred by the loss company (rather than
taken by section 48 or 48A to have been incurred by the loss company);
subclause (1) does not require the loss company to have held an interest in
relation to the transferring entity before the farm-in time.
  "(2AB) If:
  (a) at a time (the 'cessation time') after the expenditure was incurred and
on or after 1 July 1993, the loss company ceased to hold any interest in
relation to the transferring entity; and
  (b) the cessation did not occur because of a transaction to which section 48
applies;
subclause (1) does not require the loss company to have held an interest in
relation to the transferring entity at a time after the cessation time.".

PART 8 - AMENDMENT OF THE SALES TAX ASSESSMENT ACT 1992

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 134
Principal Act

  134. In this Part, "Principal Act" means the Sales Tax Assessment Act
1992.*7*
Sales Tax Assessment Act 1992
*7* No. 114, 1992, as amended. For previous amendments, see Nos. 150, 191, 210
and 224, 1992; and No. 18, 1993.

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 135
General definitions

  135. Section 5 of