New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003 (133 of 2003)
Schedule 4 Foreign currency
Part 1 Amendments
Income Tax Assessment Act 1997
46 Subsection 40-85(2) (note)
Repeal the note, substitute:
Note: The opening adjustable value of a depreciating asset may be modified by one of these provisions:
· Subdivision 27-B;
· subsection 40-90(3);
· subsection 40-285(4);
· paragraph 40-365(5)(b);
· section 775-70;
· section 775-75.