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 1997

37   At the end of paragraph 42-85(2)(a)

Add:

Note: Paragraph (a) does not have the effect that deductions for the same amount of any such expenditure will be allowable under both this Division and section 73B or 73BH. Such an outcome is prevented by section 42-15 (including as applied by section 73BJ for the purposes of section 73BH) and subsections 73B(20) and 73BH(6).