41Amount and timing of included capital cost

41  Amount and timing of included capital cost  (1) This section applies to an included capital cost if:  (a) the cost is for a relevant GTL operation for which an election has been made under section 54; and  (b) the cost was incurred before 1 July 2012.  (2) For the purposes of step 6 of the residual pricing method, the included capital cost is taken to have been incurred on 1 July 2012 and not incurred when it was actually incurred. Note: This will affect how steps 8 to 10 of the method apply to the included capital cost. The steps of the method work sequentially. So, (assuming this subsection applies to the cost) the next applicable step or provision that refers to the start date for the cost will be referring to 1 January in the 2012‑13 financial year.  (3) For the purposes of step 6 of the residual pricing method, if the included capital cost was for a unit of property that was completed before 2 May 2010, the amount of the cost is taken to be the depreciated replacement cost of the unit as at 1 May 2010.  (4) In this section: depreciated replacement cost has the same meaning as in Accounting Standard AASB 136 Impairment of Assets as in effect on 1 May 2010.