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

Schedule 3   Taxation Laws Amendment Act (No. 1) 2001

Taxation Laws Amendment Act (No. 1) 2001

3   Subsection 240-90(4)

Omit "for the purpose of calculating the depreciation allowable to that person for the car, would have been reduced because of the operation of section 42-80", substitute "for the purpose of working out its decline in value for that person under Division 40, would have been limited by section 40-230".