Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:11_79
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 11 cl 79
Character Range: 321991–322913

79  Transitional provisions—deductions under former section 73Y of the Income Tax Assessment Act 1936

(1) This item modifies paragraphs 73T(3)(a) and (4)(a) and 73V(3)(a) of the Income Tax Assessment Act 1936 as amended by this Schedule for the Y0 year of income that is the first year of income starting after 30 June 2007.

(2) Those paragraphs have effect for that year of income as if an eligible company or one of its group members could deduct an amount under section 73QA for the Y‑1 year of income if the company or group member had been eligible to claim an additional deduction under section 73Y of that Act (as in force before the commencement of this Schedule) for that Y‑1 year of income.

(3) A term that is used in this item and had a meaning given by any of sections 73P to 73Z of the Income Tax Assessment Act 1936 immediately before the commencement of this Schedule has the same meaning in this item.