Income Tax Assessment Act 1997

Div 328 (heading) substituted by No 80 of 2007 , s 3 and Sch 3 item 1, applicable in relation to the 2007-08 income year and later income years. The heading formerly read:

Division 328 - STS taxpayers

Div 328 inserted by No 78 of 2001.

Subdiv 328-D (heading) substituted by No 80 of 2007 , s 3 and Sch 3 item 3, applicable in relation to the 2007-08 income year and later income years. The heading formerly read:

Subdivision 328-D - Capital allowances for STS taxpayers

Subdiv 328-D inserted by No 78 of 2001.

S 328-195(1) amended by No 23 of 2012, s 3 and Sch 2 item 30, by substituting " your *general small business pool " for " a pool " , applicable in relation to the 2012-13 income year and later income years.

S 328-195(1) amended by No 80 of 2007 , s 3 and Sch 3 item 34, by substituting " you are a *small business entity and choose to use this Subdivision " for " you are an *STS taxpayer " , applicable in relation to the 2007-08 income year and later income years.

S 328-195(2) amended by No 23 of 2012, s 3 and Sch 2 items 30 - 31, by substituting " your *general small business pool " for " a pool " , and substituting " general small business pool " for " small business pools " in the note at the end, applicable in relation to the 2012-13 income year and later income years.

S 328-195(2) amended by No 80 of 2007 , s 3 and Sch 3 item 35, by substituting the note, applicable in relation to the 2007-08 income year and later income years. The note formerly read:

Note:

You continue to deduct amounts using your STS pools after you leave the STS: see section 328-220 .

S 328-195(3) amended by No 23 of 2012, s 3 and Sch 2 item 32, by substituting " your *general small business pool " for " a pool " , applicable in relation to the 2012-13 income year and later income years.

S 328-195(3) substituted by No 80 of 2007 , s 3 and Sch 3 item 36, applicable in relation to the 2007-08 income year and later income years. S 328-195(3) formerly read:

328-195(3)
However, if you stop being an ^* STS taxpayer and again become one for an income year, the opening pool balance of a pool includes the sum of the ^* taxable purpose proportions of the ^* adjustable values of ^* depreciating assets allocated to the pool under subsection 328-185(3) for that year.

S 328-195 inserted by No 78 of 2001.