s 960-262
In forceApplication of Subdivision 960‑M of the Income Tax Assessment Act 1997
Chapter 6The Dictionary
Part 6-1Concepts and topics
Division 960General
Subdivision 960-MIndexation
960-262 Application of Subdivision 960‑M of the Income Tax Assessment Act 1997
(1)
Subdivision 960‑M of the Income Tax Assessment Act 1997 (about indexation) applies to assessments for the 1998‑99 income year and later income years (except so far as it affects the car depreciation limit).
(2)
For the car depreciation limit (see section 42‑80 of the Income Tax Assessment Act 1997), that Subdivision applies to the 1998‑99 financial year and later financial years.
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