New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
390 Subsection 995-1(1) (definition of hold )
Repeal the definition, substitute:
hold :
(a) hold a car for the purposes of Division 28 has the meaning given by section 28-90; and
(b) hold a *depreciating asset has the meaning given by section 40-40.
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