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

Schedule 3   Depreciation of plant previously owned by an exempt entity

Part 3   Income Tax Assessment Act 1936

32   At the end of Schedule 2D

Add:

Subdivision 57-N - Division not applicable in respect of certain plant

57-130 Plant covered by Subdivision 58-B of the Income Tax Assessment Act 1997

Subdivision 57-I, and Subdivision 57-K in so far as it applies to depreciation balancing adjustments, do not apply in respect of plant to which Subdivision 58-B of theIncome Tax Assessment Act 1997 applies.