INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 4 - Key concepts: drought mitigation property and associated terms  

SECTION 652   MEANING OF WATER STORAGE FACILITY AND WATER TRANSPORT FACILITY  

652(1)   Meaning of water storage facility.  

A water storage facility is:

(a) a dam, earth tank, underground tank or above-ground tank; or

(b) a base, stand or cover for such a tank; or

(c) any other structure or improvement;

that is for use on particular land in storing water predominantly for livestock.

652(2)   Meaning of water transport facility.  

A water transport facility is:

(a) a bore or well; or

(b) a pump or windmill; or

(c) a pipe; or

(d) a water tower or header tank; or

(e) any other structure or improvement;

that is for use on particular land in transporting water.

652(3)   Use in accordance with approved water conservation plan.  

The use mentioned in subsection (1) or (2) must be in accordance with an approved water conservation plan in relation to the land (see section 653 ).