Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:2_22
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 2 cl 22
Character Range: 489299–489879

22  Before subsection 26AB(1)
Insert:

 (1A) For the purposes of assessments for the 1997-98 year of income and later years of income, this section applies only in relation to assignments of leases granted before 20 September 1985.

Note: For the 1997-98 year of income and later years of income, Part IIIA (Capital gains and capital losses) deals with the income tax treatment of premiums for:
  *    granting leases; and
  *    assigning leases granted on or after 20 September 1985.

 The Income Tax Assessment Act 1997 does not contain a rewritten version of this section.