INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
The object of this Part is to provide a tax incentive, in the form of an allowable deduction, to encourage primary producers and lessors of property to primary producers to invest in drought mitigation property.
625(2) [Reference]The tax incentive may be referred to as drought investment allowance.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.