New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
364 Subsection 995-1(1) (definition of closing balance )
Repeal the definition, substitute:
closing pool balance has the meaning given by:
(a) for a low-value pool - section 40-440; or
(b) for a *general STS pool or a *long life STS pool - section 328-200.
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