New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
313 Section 138-370
Repeal the section, substitute:
138-370 Condition for applying this Division to depreciating asset group
There is an additional condition that must be satisfied before you can apply this Division to a *depreciating asset group. The sum of the market values of the assets in the group must not be more than 110% of the sum of those residual values.
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