S 73BI repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011. For application, savings and transitional provisions see note under s
82KZLB
. S 73BI formerly read:
SECTION 73BI MEANING OF
SECTION 73BH PLANT
73BI(1)
A unit of
section 73BH plant
of an eligible company is a thing for which the eligible company could (ignoring section
73BH
) deduct an amount under section
42-15
of the
Income Tax Assessment Act 1997
if the following assumptions were made:
(b)
the definition of
plant
in section 42-18 of that Act included capital works (other than buildings) to which Division
43
of the
Income Tax Assessment Act 1997
applies, or to which that Division would apply but for expenditure being incurred, or capital works being started, before a particular day;
(c)
the eligible company satisfied any relevant requirement for deductibility under that Division.
[
CCH Note:
S 73BI(1)(a) omitted from Bill.]
73BI(2)
However, subsection (1) does not apply to a thing:
(a)
acquired, or constructed, under a contract entered into by the company at or before 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001; or
(b)
that the company commenced to construct at or before 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001.
73BI(3)
In this section:
eligible company
has the same meaning as in section
73B
.
S 73BI inserted by No 170 of 2001.
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