Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 3   Depreciation of plant previously owned by an exempt entity

Part 1   Income Tax Assessment Act 1997

17   Subsection 995-1(1) (definition of notional written down value)

Repeal the definition, substitute:

notional written down value of a unit of*plant:

(a) in relation to a*transition entity - has the meaning given by section 58-80; or

(b) in relation to a*tax exempt vendor - has the meaning given by section 58-210; or

(c) otherwise - has the meaning given by section 42-260.