Document ID: chunk:federal_register_of_legislation:C2004C01244:clause:1_68
Version: federal_register_of_legislation:C2004C01244
Segment Type: clause
Provision Reference: sch 1 cl 68
Character Range: 19063–19733

68  Section 79C
Add at the end:

 (2) This section does not apply to the 1997-98 year of income or a later year of income.

Note: Section 26-55 of the Income Tax Assessment Act 1997 sets out a limit on the total amount deductible under the following provisions of this Act:

                  * section 78 (Deductions for gifts, pensions etc);

                  * section 78B (Promoters recoupment tax);

                  * Subdivision B (Development allowance) of Division 3 of Part III;

                  * section 82AAT (Deductions for superannuation contributions by eligible persons);

                  * Division 3 of Part XII (Drought investment allowance).