Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1993No. 17, 1993 - SECT 31

31. After section 124ZL of the Principal Act the following section is
inserted: Modification of section 51AD and Division 16D-lessee of property
deemed to be owner etc.

"124ZLA.(1) This section applies if:

   (a)  deductions have been allowed or are allowable under this Division to a
        taxpayer in respect of property; and

   (b)  the taxpayer is not the owner of the property for the purposes of an
        eligible anti-avoidance provision.

"(2) The eligible anti-avoidance provision, to the extent to which that
provision relates to deductions under this Division, applies as if the
taxpayer were the owner of the property instead of any other person.

"(3) In this section:
'eligible anti-avoidance provision' means:

   (a)  section 51AD; or

   (b)  Division 16D.".