New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
69 Subsection 159GE(1) (definition of eligible depreciation property )
Repeal the definition, substitute:
eligible depreciation property means:
(a) plant or articles within the meaning of section 54 of this Act; or
(b) plant within the meaning of the former section 42-18 of the Income Tax Assessment Act 1997 or plant within the meaning of section 45-40 of that Act; or
(c) a depreciating asset within the meaning of Division 40 of that Act.
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