New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
141 Subdivision 57-N of Schedule 2D
Repeal the Subdivision, substitute:
Subdivision 57-N - Division not applicable in respect of certain plant
57-130 Plant or depreciating assets covered by Subdivision 58-B of the Income Tax Assessment Act 1997
Subdivision 57-I, 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.
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