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

Schedule 2 General consequential amendments

Repeal the paragraph, substitute:

(t) depreciation of machinery, plant or equipment, other than depreciation of machinery, plant or equipment owned by the manufacturer that is:

(i) depreciation allowed by the Commissioner of Taxation for the purposes of a law of the Commonwealth relating to taxation; or

(ii) depreciation for which the producer can deduct amounts under Division 40 of the Income Tax Assessment Act 1997;