Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)

Schedule 2   Plant etc.

Part 3   Effective life basis for deduction

Division 1   Amendments commencing at 12 pm on 29 January 2001

Income Tax Assessment Act 1936

10   After subsection 73B(15AA)

Insert:

(15AAAA) Subsection (15AA) does not apply to a unit of post-23 July 1996 pilot plant:

(a) acquired, or constructed, under a contract entered into by the company after 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001; or

(b) that the company commenced to construct after 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001.