Expenditure incurred before 1 July 2001 and allocated to a software pool
716-340 Expenditure incurred before 1 July 2001 and allocated to a software pool
Sections 716‑340 and 716‑345 of the Income Tax Assessment Act 1997 operate in relation to a thing mentioned in column 1 of an item of the table in the same way as they operate in relation to a thing mentioned in column 2 of the item.
Extended operation of sections of the Income Tax Assessment Act 1997 | ||
|---|---|---|
Column 1 | Column 2 | |
1 | Former section 46‑90 of that Act | Section 40‑455 of that Act |
2 | A software pool created under former Subdivision 46‑D of that Act | A software development pool |
3 | Expenditure in a software pool under former Subdivision 46‑D of that Act | Expenditure allocated to a software development pool |
4 | Software, expenditure on which was in a software pool under former Subdivision 46‑D of that Act | In‑house software, expenditure on the development of which is allocated to a software development pool |
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