New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)

Schedule 2   General consequential amendments

Income Tax Assessment Act 1936

142   Subparagraph 42A-90(4)(a)(ii) of Schedule 2E

Repeal the subparagraph, substitute:

(ii) any amount that is included in the lessee's assessable income under subsection 59(2) or under Subdivision 40-D, or the former Subdivision 42F or 42G, of the Income Tax Assessment Act 1997 because the lessee is taken to have disposed of the car; or