New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
375 Subsection 995-1(1) (definition of effective life )
Repeal the definition, substitute:
effective life : the effective life of a *depreciating asset is worked out under sections 40-95, 40-100, 40-105 and 40-110.
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