Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 3   Depreciation of plant previously owned by an exempt entity

Part 1   Income Tax Assessment Act 1997

17   Subsection 995-1(1) (definition of notional written down value)

Repeal the definition, substitute:

notional written down value of a unit of*plant:

(a) in relation to a*transition entity - has the meaning given by section 58-80; or

(b) in relation to a*tax exempt vendor - has the meaning given by section 58-210; or

(c) otherwise - has the meaning given by section 42-260.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).