New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)

Schedule 2   General consequential amendments

Income Tax Assessment Act 1936

63   Subsection 159GE(1) (definition of capital expenditure deduction )

Repeal the definition, substitute:

capital expenditure deduction means a deduction:

(a) under Division 10, 10AAA, 10AA, 10A, 10C or 10D of this Part; or

(b) under Subdivision 40-B of the Income Tax Assessment Act 1997 for a depreciating asset that is a forestry road or timber mill building; or

(c) under Division 43 of that Act; or

(d) under section 40-830 of that Act for an amount that is a project amount under subsection 40-840(1) (about mining capital expenditure and transport capital expenditure); or

(e) under the former Subdivision 330-C, 330-H or 387-G of that Act.