Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:6_2:p8
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 6 cl 2 (pt 8/10)
Character Range: 598955–601645

to section 58 of the 1936 Act.

[The next section is section 42-235.]

42-235  Balancing adjustments for cars

 (1) References in Subdivision 42-G of the 1997 Act to the "cents per kilometre" method include references to that method under
section 82KX, and Division 3 of Schedule 2A, of the 1936 Act.

 (2) References in Subdivision 42-G of the 1997 Act to the "12% of original value" method include references to that method under subsection 82KW(3), and Division 4 of Schedule 2A, of the
1936 Act.

[The next section is section 42-255.]

42-255  Meaning of notional depreciation amount

  The reference in section 42-255 of the 1997 Act to Division 28 of that Act includes a reference to Subdivision F of Division 3 of
Part III, and Schedule 2A, of the 1936 Act.

[The next section is section 42-280.]

42-280  Additional consequence of Common rule 1

  The reference in subsection 42-280(4) of the 1997 Act to Subdivision 42-C of that Act includes a reference to section 54A of the 1936 Act.

[The next section is section 42-290.]

42-290  Later year relief

 (1) The reference in subsection 42-290(1) of the 1997 Act to an amount that has been included in your assessable income for plant as a result of a balancing adjustment calculation includes a reference to an amount that has been included in your assessable income for the plant under subsection 59(2) or 62AAT(1) of the 1936 Act.

 (2) The reference in paragraph 42-290(2)(a) of the 1997 Act to a balancing adjustment event for plant includes a reference to a disposal, loss or destruction of the plant under the old depreciation provisions before the 1997-98 income year.

 (3) The reference in paragraph 42-290(2)(d) of the 1997 Act to a choice under section 42-285 of that Act for plant includes a reference to an election under subsection 59(2A) of the 1936 Act for the plant.

[The next section is section 42-310.]

42-310  Meaning of quasi-owner

 (1) You cannot be the quasi-owner of plant that is attached to land you hold under a quasi-ownership right granted by an exempt Australian government agency or an exempt foreign government agency if, before the 1997-98 income year, section 54AA of the 1936 Act did not apply to you for the plant because of subparagraph 54AA(1)(d)(ii) or 54AA(1)(e)(iii).

 (2) The references in subsection 42-310(2) of the 1997 Act to the effective life of plant include references to its effective life worked out or adopted under section 54A of the 1936 Act.

 (3) For plant that an entity acquired or constructed before 13 March 1991, references in subsection 42-310(2) of the 1997 Act to the effective life of plant include references to the period that would have been worked