For the purposes of section 307 - 290 of the Income Tax Assessment Act 1997 :
(a) treat a deduction made under former section 279 of the Income Tax Assessment Act 1936 as having been made under section 295 - 465 of the Income Tax Assessment Act 1997 instead; and
(b) treat a deduction made under former section 279B of the Income Tax Assessment Act 1936 as having been made under section 295 - 470 of the Income Tax Assessment Act 1997 instead.