New Business Tax System (Capital Allowances) Act 2001 (76 of 2001)
Schedule 3 Second-hand plant
Income Tax Assessment Act 1997
3 Application
The amendments made by this Schedule apply to plant:
(a) you start to own or be the quasi-owner of under a contract entered into at or after 10 am, by legal time in the Australian Capital Territory, on 9 May 2001; or
(b) you constructed where the construction started at or after that time; or
(c) you start to own or be the quasi-owner of in some other way at or after that time.
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