Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p41
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 41/51)
Character Range: 113260–116130

the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions
for depreciation) had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 47
Section 73A roll-over relief where CGT roll-over relief allowed under
section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO

  47. Section 73AA of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (7)," before
"deductions";
  (b) by adding at the end the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
  "(7) If, apart from this subsection, this section has applied to the
disposal of the building or the part of the building to the transferee, then,
in working out whether this section applies to a subsequent disposal of the
building or the part of the building by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 48
Roll-over relief where CGT roll-over relief allowed under section
160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for
roll-over relief made under section 122R

  48. Section 122JAA of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (22A)," before
"deductions";
  (b) by inserting after subsection (22) the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
 "(22A) If, apart from this subsection, this section has applied to the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of the property by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(b) (which deals with deductions)
had not been enacted.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 49
Roll-over relief where CGT roll-over relief allowed under section
160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for
roll-over relief made under section 122R

  49. Section 122JG of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "subject to subsection (12A)," before
"deductions";
  (b) by inserting after subsection (12) the following subsection:
(Second or subsequent application of section - paragraph (1)(b) does not
apply)
  "(12A) If, apart from this subsection, this section has applied to the
disposal of the property to the transferee, then, in working out whether this
section applies to a subsequent disposal of the property by:
  (a) the transferee; or
  (b) one or more subsequent successive transferees;
this section has effect as