New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

283   Paragraph 116-20(3)(b)

Repeal the paragraph, substitute:

(b) disregard any *depreciating assets for whose decline in value the lessor has deducted or can deduct an amount under this Act.