Reg 152H repealed by SLI No 4 of 2011, reg 3 and Sch 1 item 2, effective 15 February 2011. Reg 152H formerly read:
REGULATION 152H AMORTISATION OF EXPENDITURE IN ACQUIRING PROPERTY
152H(1)
For the purposes of subparagraph 570(1)(a)(iii) of the Act, capital works are a prescribed class of property.
History
Reg 152L(1) amended by SR No 176 of 1997.
152H(2)
For the purposes of paragraph 570(1A)(b) of the Act, 2.5% is the annual amortisation percentage in relation to the class, or a category of property included in the class.
152H(3)
In this regulation,
"
capital works
"
means structures that:
(a)
are capital works that, regardless of when the works were begun, or when expenditure on the works first occurred, are of the kind that, under section 43-20 of the
Income Tax Assessment Act 1997
, are capital works to which Division 43 of that Act applies; and
(b)
are not plant within the meaning given by section 45-40 of the
Income Tax Assessment Act 1997
.
Reg 152H renumbered from reg 152L by SR No 115 of 2004.
Reg 152L amended by SR No 163 of 2001, SR No 197 of 1997, SR No 176 of 1997 and inserted by SR No 216 of 1993.
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