Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:6_53i
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 6 cl 53I
Character Range: 620294–620815

53I  Application of depreciation provisions

 (1) Sections 54 to 62AAV (inclusive) do not apply to the 1997-98 year of income or later years of income except to the extent they are applied under the Income Tax (Transitional Provisions) Act 1997.

Note: The provisions of Division 42 of the Income Tax Assessment Act 1997 apply instead.

 (2) However, the provisions mentioned in subsection (1) continue to apply for the purposes of the operation of section 57AM for the 1997-98 year of income and later years of income.