New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
360 Subsection 995-1(1) (definition of capital allowance )
Repeal the definition, substitute:
capital allowance means a deduction under:
(a) Division 40 (capital allowances) of this Act; or
(b) Subdivision B of Division 3 of Part III of the Income Tax Assessment Act 1936 (development allowance); or
(c) Part XII of that Act (drought investment allowance); or
(d) Division 10BA of Part III of that Act (Australian films); or
(e) Division 10B of Part III of that Act (copyright in Australian films); or
(f) section 73B of that Act (research and development).
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