New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
99 Subsubparagraph 439(1)(a)(iii)(A)
Repeal the subsubparagraph, substitute:
(A) if the company were a resident within the meaning of section 6, depreciation would be allowable to the company under section 54 of this Act or the former Division 42 of the Income Tax Assessment Act 1997, or the company could deduct an amount for the decline in value of a depreciating asset under Division 40 of that Act, in respect of any year of income; and
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