New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
80 Subsection 159GF(6)
Repeal the subsection, substitute:
(6) In this Division, a reference to the residual amount at a particular time in relation to an amount of expenditure because of which an item of property is an eligible spectrum licence is a reference to:
(a) the amount of unrecouped expenditure (within the meaning of the former section 380-20 of the Income Tax Assessment Act 1997) on that licence at that time; or
(b) the adjustable value of that licence (within the meaning of Division 40 of that Act) at that time.
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