Taxation Laws Amendment Act 1994 (56 of 1994)

Part 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Heritage conservation rebate

52   Qualifying expenditure

Section 124ZB of the Principal Act is amended by adding at the end the following subsection:

"(4) References in subsection (1) or (2) to expenditure of a capital nature incurred in respect of the construction of a building, or of an extension, alteration or improvement to a building, are to be read as not applying to expenditure that is eligible heritage conservation expenditure within the meaning of Subdivision AAD of Division 17.".