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INCOME TAX ASSESSMENT AMENDMENT ACT (NO. 2) 1980 No. 57 of 1980 - SECT 19

19. After section 82D of the Principal Act the following Subdivision is
inserted:



"Subdivision BB-Deductions in respect of non-oil-fired plant Property to which
Subdivision applies

"82EA. (1) Subject to the following provisions of this Subdivision, this
Subdivision applies in relation to a unit of eligible property acquired or
constructed by the taxpayer that is-

   (a)  in the case of any taxpayer, for use by the taxpayer wholly and
        exclusively-

        (i)    in Australia;

        (ii)   for a prescribed purpose; and

        (iii)  for the purpose of producing assessable income otherwise than
               by-

                (A)  the leasing of the eligible property;

                (B)  the letting of the eligible property on hire under a
                     hirepurchase agreement; or

                (C)  the granting to other persons of rights to use the
                     eligible property; or

   (b)  in the case of a taxpayer being a leasing company-

        (i)    for use wholly and exclusively-

                (A)  in Australia; and

                (B)  for the purpose of producing assessable income, by
                     another person (in this paragraph referred to as the
                     'lessee') to whom the taxpayer has, on or after 22 August
                     1979, leased the eligible property under a long-term
                     lease agreement that was entered into by the taxpayer in
                     the course of carrying on business in Australia and was
                     so entered into by the taxpayer and the lessee at arm's
                     length; and

        (ii)   for use by the lessee for a prescribed purpose.



"(2) For the purposes of sub-section (1), property shall be taken to be for
use by a person (in this sub-section referred to as the 'relevant person') for
a prescribed purpose if-

   (a)  the property is for use by the relevant person as a replacement or
        substitute for-

        (i)    an oil-fired unit (not being mobile property) that-

                (A)  as at 21 August 1979 was in use in Australia by the
                     relevant person for the purpose of producing assessable
                     income or installed ready for use for that purpose; or

                (B)  not having been in use, or installed ready for use, in
                     Australia by the relevant person as at 21 August 1979,
                     was acquired by the relevant person, for the purpose of
                     producing assessable income, under a contract entered
                     into on or before that date or commenced to be
                     constructed by the relevant person for that purpose on or
                     before that date; or

        (ii)   an LPG unit (not being mobile property) that-

                (A)  as at 8 April 1980 was in use in Australia by the
                     relevant person for the purpose of producing assessable
                     income or installed ready for use for that purpose; or

                (B)  not having been in use, or installed ready for use, in
                     Australia by the relevant person as at 8 April 1980, was
                     acquired by the relevant person, for the purpose of
                     producing assessable income, under a contract entered
                     into on or before that date or commenced to be
                     constructed by the relevant person for that purpose on or
                     before that date; or

   (b)  in the case of property to which paragraph (a) does not apply-

        (i)    the property is for use by the relevant person principally and
               directly in connection with the operation of-

                (A)  property that is for use by the relevant person as
                     mentioned in paragraph (a); or

                (B)  property that is for use by the relevant person and in
                     respect of which a deduction has been allowed or is
                     allowable, whether to the relevant person or to another
                     person, under section 53H; and

        (ii)   if the property is a road, or an extension or improvement to a
               road, the road, or the extension or improvement, as the case
               may be, is on the premises of the relevant person. Deduction in
               respect of plant installed on or after 22 August 1979

"82EB. (1) Subject to this Subdivision, where-

   (a)  on or after 22 August 1979, a taxpayer has incurred expenditure of a
        capital nature (in this section referred to as 'eligible expenditure')
        in respect of the acquisition or construction by the taxpayer of a
        unit of eligible property to which this Subdivision applies;

   (b)  the eligible expenditure was incurred-

        (i)    in respect of a unit of property acquired by the taxpayer under
               a contract entered into on or after 22 August 1979; or

        (ii)   in respect of a unit of property that was constructed by the
               taxpayer and the construction of which commenced on or after 22
               August 1979; and

   (c)  the unit of property was first used or installed ready for use before
        1 July 1984, there shall be allowed as a deduction from the taxpayer's
        assessable income of the first year of income during which that unit
        was either used for the purpose of producing assessable income, or
        installed ready for use for that purpose, an amount equal to 40% of
        the eligible expenditure.



"(2) A reference in sub-section (1) to use, or to the installation ready for
use, of a unit of property shall, in the case of a unit of property leased by
th e taxpayer to another person, being a unit of property to which paragraph
(b) of sub-section (1) of section 82EA applies, be construed as a reference to
use, or to installation ready for use, of the unit of property by that other
person.



"(3) Subject to sub-section (4), a deduction is not allowable under this
Subdivision in respect of a unit of eligible property acquired or constructed
by a taxpayer, being eligible property that is for use by the taxpayer, or by
another person to whom the taxpayer leased the unit of eligible property, as a
replacement or substitute for an oil-fired unit or an LPG unit unless the
oil-fired unit or the LPG unit ceased to be in the possession of the taxpayer
or that other person before or at the time when the unit of eligible property
was first used or installed ready for use by the taxpayer or that other
person, as the case may be.



"(4) Where-

   (a)  after a unit of eligible property that was acquired or constructed by
        a taxpayer, being eligible property that is for use by the taxpayer,
        or by another person to whom the taxpayer leased the unit of eligible
        property, as a replacement or substitute for an oil-fired unit or an
        LPG unit, was first used or installed ready for use, the oil-fired
        unit or the LPG unit remained in the possession of the taxpayer or of
        that other person; and

   (b)  the Commissioner is satisfied that-

        (i)    the oil-fired unit or the LPG unit ceased to be in the
               possession of the taxpayer or that other person as soon as
               practicable after the time when the unit of eligible property
               was first used or installed ready for use by the taxpayer or
               that other person, as the case may be;

        (ii)   the oil-fired unit or the LPG unit remained in the possession
               of the taxpayer or of that other person for use solely as a
               standby unit or a booster unit in relation to the unit of
               eligible property; or

        (iii)  the oil-fired unit or the LPG unit remained in the possession
               of the taxpayer or of that other person because it was not
               economical to dispose of the oil-fired unit or the LPG unit,
               sub-section (3) does not operate to prevent a deduction being
               allowed to a person under this Subdivision in respect of the
               unit of eligible property.



"(5) Where-

   (a)  apart from sub-section (4), sub-section (3) would operate to prevent a
        deduction being allowed to a taxpayer under this Subdivision in
        respect of a unit of eligible property;

   (b)  by reason that the Commissioner was satisfied as mentioned in sub-
        paragraph (iii) of paragraph (b) of sub-section (4), a deduction has
        been allowed or would, but for this sub-section, be allowable under
        this Subdivision in respect of the unit of eligible property; and

   (c)  at any time after the unit of eligible property was first used, or
        installed ready for use, the oil-fired unit or the LPG unit referred
        to in that sub-paragraph is used for any purpose by the taxpayer or
        the other person referred to in that sub-paragraph, as the case may
        be, sub-section (4) shall be deemed never to have applied, or does not
        apply, as the case may be, in relation to that unit of eligible
        property.



"(6) A deduction is not allowable under this Subdivision in respect of
expenditure incurred by a taxpayer in respect of the acquisition or
construction of a unit of property that is leased by the taxpayer to another
person (in this sub-section referred to as the 'lessee') if, before 22 August
1979, the taxpayer entered into a contract or arrangement to lease the
property to the lessee or to a third person.



"(7) Where-

   (a)  a deduction (in this sub-section referred to as the 'relevant
        deduction') has been allowed or would, apart from this sub-section, be
        allowable to a taxpayer under this Subdivision in relation to a unit
        of eligible property that was for use by the taxpayer or another
        person in connection with the operation of another unit of property in
        respect of which a deduction (in this sub-section referred to as the
        'section 53H deduction') was allowed or allowable, whether to the
        taxpayer or to another person, under section 53H; and

   (b)  by virtue of the operation of any of the provisions of section 53H-

        (i)    that section is deemed not to apply or never to have applied in
               relation to the other unit of property or the section 53H
               deduction is deemed not to be, or never to have been,
               allowable; or

        (ii)   a part of the section 53H deduction is deemed not to be, or
               never to have been, allowable, then, in a case to which
               sub-paragraph (i) of paragraph (b) applies, the relevant
               deduction shall be deemed never to have been allowable or not
               to be allowable, as the case may be or, in a case to which
               sub-paragraph (ii) of paragraph (b) applies, so much of the
               relevant deduction as bears to the amount of the relevant
               deduction the same proportion as the part of the section 53H
               deduction referred to in sub-paragraph (ii) of paragraph (b)
               bears to the amount of the section 53H deduction shall be
               deemed never to have been allowable or not to be allowable, as
               the case may be. Limitation of deduction in case of leased
               property

"82EC. The amount of the deduction, or the total of the amounts of the
deductions, allowable under this Subdivision to a taxpayer, being a leasing
company, in respect of a year of income, in relation to a unit of eligible
property that is, or units of eligible property that are, leased to another
person or other persons, shall not exceed the amount (if any) that remains
after deducting from the assessable income of the taxpayer of the year of
income all allowable deductions other than-

   (a)  deductions allowable under this Subdivision in relation to a unit or
        units of property leased by the taxpayer to another person or persons;
        or

   (b)  deductions allowable under section 80 or 80AA. Lessor may transfer
        benefit of deduction to lessee

"82ED. (1) Where a leasing company that would, but for this section, be
entitled to a deduction under this Subdivision from the assessable income of
the company of a year of income (in this sub-section referred to as the
'relevant deduction') in respect of property leased to another person (in this
sub-section referred to as the 'lessee') has, before the prescribed date,
lodged with the Commissioner-

   (a)  a declaration in writing, signed by the public officer of the company,
        stating that the company transfers to the lessee the benefit of the
        whole, or of a specified fraction, of the relevant deduction, or the
        benefit of so much of the relevant deduction as does not exceed an
        amount specified in the declaration; and

   (b)  a statement, signed by the public officer of the company, containing
        the following particulars:

        (i)    a description of the property;

        (ii)   the date on which the property was acquired or, in the case of
               property constructed by the taxpayer, the date on which the
               construction of the property was commenced;

        (iii)  the amount of expenditure incurred by the company in respect of
               the acquisition or construction of the property;

        (iv)   the date on which the company entered into the relevant lease
               agreement;

        (v)    the name and address of the lessee; and

        (vi)   the period for which the lessee agreed to take the property on
               lease, there shall be allowed as a deduction from the
               assessable income of the lessee of the year of income during
               which the property was either first used, or installed ready
               for use, by the lessee-

   (c)  if the declaration by the company stated that the company transferred
        to the lessee the benefit of the whole of the relevant deduction-an
        amount equal to the relevant deduction;

   (d)  if the declaration by the company stated that the company transferred
        to the lessee a specified fraction of the relevant deduction-an amount
        equal to that fraction of the relevant deduction; or

   (e)  if the declaration by the company stated that the company transferred
        to the lessee the benefit of so much of the relevant deduction as does
        not exceed an amount specified in the declaration-an amount equal to
        so much of the relevant deduction as does not exceed the amount so
        specified.



"(2) For the purposes of sub-section (1), the prescribed date, in relation to
property leased by a leasing company to another person, is-

   (a)  where the agreement for the lease was or is entered into before 1 July
        1980-8 July 1980; or

   (b)  in any other case-the eighth day after the end of the month in which
        the agreement for the lease is entered into, or, if the Commissioner
        has agreed to an extension of the period for lodg- ment of a
        declaration by the leasing company in relation to that property, the
        last day of the extended period.



"(3) Where-

   (a)  a deduction would, but for this section, be allowable to a leasing
        company under this Subdivision from its assessable income of a year of
        income in respect of property leased to another person (in this sub-
        section referred to as the 'lessee'); and

   (b)  by virtue of sub-section (1), a deduction has been allowed or is
        allowable in respect of the property from the assessable income of the
        lessee, the amount of the deduction that would, but for this section,
        be allowable to the leasing company under this Subdivision in respect
        of that property shall be reduced by the amount of the deduction so
        allowed or allowable to the lessee.



"(4) In determining for the purposes of this section whether a deduction
would, but for this section, be allowable to a leasing company under this
Subdivision from its assessable income of a year of income in respect of a
unit of property and the amount of any such deduction, section 82EC shall be
disregarded. Replacement, &c., of eligible property

"82EE. (1) Where-

   (a)  a deduction has been allowed, or would but for this section be
        lowable, under this Subdivision from the assessable income of a
        taxpayer of a year of income in relation to a unit of eligible
        property acquired or constructed, or taken on lease, by the taxpayer;
        and

   (b)  before 1 July 1984-

        (i)    a petroleum unit was acquired or constructed or taken on lease
               by the taxpayer as a replacement or substitute for that
               eligible property; or

        (ii)   the eligible property referred to in paragraph (a) was
               converted or adapted for use as a petroleum unit, the deduction
               shall be deemed not to have been, or not to be, allowable, as
               the case may be.



"(2) For the purposes of the application of sub-section (1), 'petroleum unit'
means a unit of property, not being mobile property, that requires energy for
the performance of the function, or some or all of the functions, for which it
was designed, and is designed to obtain that energy directly, and solely or
principally, from the combustion of-

   (a)  in a case where the eligible property referred to in paragraph (a) of
        sub-section (1) is an LPG unit-petroleum or a product obtained by
        refining petroleum, not being petroleum of a kind, or such a product
        of a kind, that is in a gaseous state at a temperature of 15 degrees
        Celsius and a pressure of 1 atmosphere; and

   (b)  in any other case-petroleum or a product obtained by refining
        petroleum, not being-

        (i)    petroleum of a kind of which not less than 80% by volume is
               methane; or

        (ii)   a product derived from petroleum of the kind referred to in
               sub-paragraph (i). Disposal, &c., of eligible property and
               special provisions relating to partnerships

"82EF. Sections 82AG, 82AH, 82AI, 82AJ and 82AJA apply for the purposes of
this Subdivision as if those sections were included in this Subdivision.
Private use of property by employees, &c., of private company

"82EG. Section 82AK applies for the purposes of this Subdivision as if that
section were included in this Subdivision. Property acquired in substitution
for other property

"82EH. (1) Where the Commissioner is satisfied that-

   (a)  a contract or arrangement was entered into by a taxpayer before 22
        August 1979 for the acquisition, or taking on lease, by the taxpayer
        of a unit of property (in this sub-section referred to as the
        'original unit'), being a non-oil-fired unit;

   (b)  on or after that date-

        (i)    the taxpayer entered into a contract (whether with the same or
               another person) for the acquisition or taking on lease (whether
               with or without the acquisition or taking on lease of other
               property) of the original unit or of another unit of property
               (in this sub-section referred to as the 'substituted unit')
               identical with, or having a purpose similar to that of, the
               original unit and intended by the taxpayer to be in lieu of the
               original unit; or

        (ii)   the taxpayer commenced the construction of a unit of property
               (in this sub-section also referred to as the 'substituted
               unit') identical with, or having a purpose similar to that of,
               the original unit and intended by the taxpayer to be in lieu of
               the original unit; and

   (c)  the taxpayer entered into the contract for acquisition or taking on
        lease of the original unit or of the substituted unit, or commenced
        the construction of the substituted unit, for the purpose, or for
        purposes that included the purpose, of ensuring that a deduction under
        this Subdivision would be allowable to the taxpayer or to another
        person, the Commissioner may refuse to allow a deduction under this
        Subdivision-

   (d)  in a case to which sub-paragraph (i) of paragraph (b) applies-in
        relation to the original unit or the substituted unit; or

   (e)  in a case to which sub-paragraph (ii) of paragraph (b) applies-in
        relation to the substituted unit.



"(2) Where the Commissioner is satisfied that-

   (a)  before 22 August 1979, a taxpayer commenced construction of a unit of
        property (in this sub-section referred to as the 'original unit'),
        being a non-oil-fired unit;

   (b)  on or after that date-

        (i)    the taxpayer commenced the construction of a unit of property
               (in this sub-section referred to as the 'substituted unit')
               identical with, or having a purpose similar to that of, the
               original unit and intended by the taxpayer to be in lieu of the
               original unit; or

        (ii)   the taxpayer entered into a contract for the acquisition or
               taking on lease (whether with or without the acquisition or
               taking on lease of other property) of the original unit or of
               another unit of property (in this sub-section also referred to
               as the 'substituted unit') identical with, or having a purpose
               similar to that of, the original unit and intended by the
               taxpayer to be in lieu of the original unit; and

   (c)  the taxpayer commenced the construction of the substituted unit, or
        entered into the contract for the acquisition or taking on lease of
        the original unit or of the substituted unit, for the purpose, or for
        purposes that included the purpose, of ensuring that a deduction under
        this Subdivision would be allowable to the taxpayer or to another
        person, the Commissioner may refuse to allow a deduction under this
        Subdivision-

   (d)  in a case to which sub-paragraph (i) of paragraph (b) applies-in
        relation to the substituted unit; or

   (e)  in a case to which sub-paragraph (ii) of paragraph (b) applies-in
        relation to the original unit or the substituted unit.



"(3) A reference in this section to a unit of property includes a reference to
a portion of a unit of property. Deduction under Subdivision to be in addition
to other deductions

"82EJ. (1) Notwithstanding the provisions of section 82, 122N, 123E or 124AN,
but subject to sub-section (2), the deduction allowable under this Sub-
division in respect of expenditure in respect of a unit of property is
allowable in addition to any deduction that is allowable in respect of that
unit of property under any other provision of this Act.



"(2) A deduction under this Subdivision is not allowable in respect of
expenditure in respect of a unit of property where a deduction in respect of
the expenditure has been allowed or is allowable under section 122J, 123B or
124AH. Ascertainment of amount of eligible expenditure

"82EK. (1) Where, under a contract for the acquisition or construction of
property that includes a unit of eligible property, an amount (in this sub-
section referred to as the 'total cost') is expressed to be payable in respect
of the acquisition or construction of the whole of the property and no
separate amount is allocated to the eligible property, the amount payable in
respect of the acquisition or construction of the unit of eligible property
shall, for the purposes of this Subdivision, be taken to be such part of the
total cost as the Commissioner determines.



"(2) Where, under a contract for the acquisition or construction of eligible
property or under a contract for the acquisition of materials for use in the
construction of eligible property, an amount is expressed to be payable in
respect of the acquisition or construction of the property or in respect of
the acquisition of the materials, as the case may be, but the Commissioner is
satisfied that that amount exceeds-

   (a)  in the case of a contract for the construction of eligible property
        for the taxpayer by another person on premises of the taxpayer-the
        market value of the property at the time of completion of the
        construction; or

   (b)  in any other case-the market value of the eligible property or
        materials at the date of the contract, the amount payable in respect
        of the acquisition or construction of the eligible property or in
        respect of the acquisition of the materials, as the case may be,
        shall, if the Commissioner so determines, be deemed, for the purposes
        of this Subdivision, to be the market value referred to in paragraph
        (a) or (b), which- ever is applicable. Recoupment of expenditure

"82EL. (1) This Subdivision does not apply, and shall be deemed never to have
applied, in relation to a taxpayer, to expenditure in respect of which the
taxpayer is recouped, or becomes entitled to be recouped, by the Common-
wealth, by a State, by a Territory, by an authority constituted by or under a
law of the Commonwealth, of a State or of a Territory or by any other person.



"(2) Where a taxpayer receives, or becomes entitled to receive, an amount that
constitutes to an unspecified extent a recoupment of expenditure in relation
to which this Subdivision applies, the Commissioner may, for the purposes of
sub-section (1), determine the extent to which the amount constitutes a
recoupment of that expenditure. Interpretation

"82EM. (1) In this Subdivision-

'construction' includes manufacture;

'eligible property' means-

   (a)  plant or articles within the meaning of section 54, being a non-
        oil-fired unit but not being mobile property;

   (b)  a road, or an extension or an improvement to a road; or

   (c)  a structural improvement, not being a building or an extension to a
        building; 'hire-purchase agreement' has the same meaning as in
        Subdivision B; 'lease' has the same meaning in relation to property as
        in Subdivision B; 'leasing company' has the same meaning as in
        Subdivision B; 'liquid petroleum gas' means petroleum or a product
        obtained by refining petroleum, being petroleum or such a product
        that-

   (a)  consists principally of propane or butane or of a mixture of propane
        and butane; and

   (b)  is in a gaseous state at a temperature of 15 degrees Celsius and a
        pressure of 1 atmosphere; 'LPG unit' means plant or an article within
        the meaning of section 54 that-

   (a)  requires energy for the performance of the function, or some or all of
        the functions, for which it was designed; and

   (b)  is designed to obtain, and customarily obtains, that energy directly,
        and solely or principally, from the combustion of liquid petroleum
        gas; 'long-term lease agreement' has the same meaning in relation to
        property as in Subdivision B; 'mobile property' means property that
        during the performance of the function, or some or all of the
        functions, for which it was designed, is not stationary at all times
        with respect to its points of contact with the surface or structure
        upon which it stands or is located but does not include property that
        forms part of a plant installation that is permanently located in a
        fixed position; 'non-oil-fired unit' means a unit of property (not
        being mobile property) that-

   (a)  requires energy for the performance of the function, or some or all of
        the functions, for which it was designed; and

   (b)  is designed to obtain, and customarily obtains, that energy directly,
        and solely or principally, from a source other than the combustion of
        a petroleum product; 'road' includes a bridge, culvert or similar work
        forming part of a road.



"(2) For the purposes of this Subdivision, an extension or improvement to a
road shall be taken to be a unit of property.



"(3) For the purposes of the application of this Subdivision in relation to
expenditure incurred by a taxpayer in respect of the acquisition or
construction by the taxpayer of a unit of property (in this sub-section
referred to as the 'relevant unit') as a replacement or substitute for another
unit of property (in this sub-section referred to as the 'replaced unit'), the
replaced unit shall be taken to be an oil-fired unit if the replaced unit
requires energy for the performance of the function, or some or all of the
functions, for which it was designed and-

   (a)  the replaced unit is designed to obtain that energy directly, and
        solely or principally, from the combustion of a petroleum product and-

        (i)    in a case where the relevant unit is a unit of property to
               which paragraph (a) of sub-section (1) of section 82EA
               applies-the Commissioner is satisfied that, if the replaced
               unit was used by the taxpayer at any time before the taxpayer
               acquired, or commenced to construct, the relevant unit, the
               replaced unit, at that time, obtained that energy directly, and
               solely or principally, from the combustion of a petroleum
               product; or

        (ii)   in a case where the relevant unit is a unit of property to
               which paragraph (b) of sub-section (1) of section 82EA
               applies-the Commissioner is satisfied that, if the replaced
               unit was used by the person to whom the taxpayer leased the
               relevant unit at any time before the taxpayer acquired, or
               commenced to construct, the relevant unit, the replaced unit,
               at that time, obtained that energy directly, and solely or
               principally, from the combustion of a petroleum product;

   (b)  in a case to which paragraph (a) of this sub-section does not
        apply-the relevant unit is a unit of property to which paragraph (a)
        of sub-section (1) of section 82EA applies and the Commissioner is
        satisfied that-

        (i)    before the taxpayer acquired, or commenced to construct, the
               relevant unit, the replaced unit was used by the taxpayer; and

        (ii)   at all times when the replaced unit was used by the taxpayer
               before the taxpayer acquired, or commenced to construct, the
               relevant unit, the replaced unit obtained that energy directly,
               and solely or principally, from the combustion of a petroleum
               product; or

   (c)  in a case to which paragraph (a) of this sub-section does not
        apply-the relevant unit is a unit of property to which paragraph (b)
        of sub-section (1) of section 82EA applies and the Commissioner is
        satisfied that-

        (i)    before the taxpayer acquired, or commenced to construct, the
               relevant unit, the replaced unit was used by the person to whom
               the taxpayer leased the property; and

        (ii)   at all times before the taxpayer acquired, or commenced to
               construct, the relevant unit when the replaced unit was used by
               the person to whom the taxpayer leased the relevant unit, the
               replaced unit obtained that energy directly, and solely or
               principally, from the combustion of a petroleum product.



"(4) Subject to sub-section (5), 'petroleum product' means petroleum or a
product obtained by refining petroleum, but does not include-

   (a)  petroleum of a kind of which not less than 80% by volume is methane;
        or

   (b)  a product derived from petroleum of the kind referred to in paragraph
        (a).



"(5) For the purposes of the application of this section in relation to
expenditure incurred by a taxpayer in respect of the acquisition or
construction by the taxpayer of property that-

   (a)  was acquired or constructed by the taxpayer before 9 April 1980; or

   (b)  not having been acquired or constructed by the taxpayer before 9 April
        1980, was acquired by the taxpayer under a contract entered into
        before that date or was constructed by the taxpayer, construction
        having commenced before that date, 'petroleum product' means petroleum
        or a product obtained by refining petroleum but does not include
        petroleum of a kind, or such a product of a kind, that is in a gaseous
        state at a temperature of 15 degrees Celsius and a pressure of 1
        atmosphere.



"(6) In this Subdivision-

   (a)  a reference to the acquisition of property by a person is a reference
        to-

        (i)    the person becoming the owner of the property or taking the
               property on hire under a hire-purchase agreement; or

        (ii)   the construction of the property for the person by another
               person or other persons on premises of the first-mentioned
               person;

   (b)  a reference to property being installed ready for use is a reference
        to property being installed ready for use and held in reserve; and

   (c)  a reference to taking property on lease is a reference to taking
        property on lease or on hire otherwise than under a hire-purchase
        agreement.". 


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