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

24   Subsection 995-1(1)

Insert:

undeducted pre-existing audited book value of a unit of*plant:

(a) in relation to a*transition entity - has the meaning given by section 58-140; and

(b) in relation to a*tax exempt vendor - has the meaning given by section 58-265.