National Disability Insurance Scheme Legislation Amendment Act 2013 (44 of 2013)

Schedule 3   Income tax amendments

Income Tax Assessment Act 1997

4   At the end of Subdivision 40-C

Add:

40-235 Adjustment: National Disability Insurance Scheme costs

The *cost of a *depreciating asset does not include an amount to the extent that section 26-100 prevents the amount from being deducted (even if some other provision also prevents it being deducted).

Note: Section 26-100 denies deductions for National Disability Insurance Scheme expenditure.