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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

231   Paragraphs 45-5(3)(a) and (b)

Repeal the paragraphs, substitute:

(a) you have deducted or can deduct an amount for the *plant's decline in value; and

(b) for most of the time when you *held the plant, you leased it to another entity; and