Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)
Schedule 2 Plant etc.
Part 3 Effective life basis for deduction
Division 1 Amendments commencing at 12 pm on 29 January 2001
Income Tax Assessment Act 1936
10 After subsection 73B(15AA)
Insert:
(15AAAA) Subsection (15AA) does not apply to a unit of post-23 July 1996 pilot plant:
(a) acquired, or constructed, under a contract entered into by the company after 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001; or
(b) that the company commenced to construct after 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001.
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