Income Tax Assessment Act 1936

SCHEDULE 2D - TAX EXEMPT ENTITIES THAT BECOME TAXABLE  

View history reference

Division 57 - Tax exempt entities that become taxable  

View history reference

 View history note

 Hide history note

History

Div 57 inserted by No 78 of 1996.

Subdivision 57-N - Division not applicable in respect of certain plant  

 View history note

 Hide history note

History

Subdiv 57-N inserted by No 78 of 1996.

SECTION 57-130   PLANT OR DEPRECIATING ASSETS COVERED BY SUBDIVISION 58-B OF THE INCOME TAX ASSESSMENT ACT 1997  

View history reference

57-130(1)    

View history reference

Subdivision 57-J , and Subdivision 57-K in so far as it applies to balancing adjustments for plant or depreciating assets, do not apply in respect of an asset to which Subdivision 58-B of the Income Tax Assessment Act 1997 applies.

 View history note

 Hide history note

History

S 57-130(1) amended by No 101 of 2006 , s 3 and Sch 2 item 514, by amending references to repealed inoperative provisions, effective 14 September 2006. For application and savings provisions see the CCH Australian Income Tax Legislation archive .

S 57-130(1) amended by No 119 of 2002.

57-130(2)    

View history reference

Despite subsection (1), Subdivision 57-J applies for the purposes of section 40-35 of the Income Tax (Transitional Provisions) Act 1997 to capital expenditure incurred by a transition taxpayer before 1 July 2001 that relates to property that is not a depreciating asset.

 View history note

 Hide history note

History

S 57-130(2) inserted by No 119 of 2002.

Subdiv 57-N substituted by No 77 of 2001 and inserted by No 93 of 1999.

S 57-130 inserted by No 78 of 1996.

Sch 2D inserted by No 78 of 1996.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.