Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)

Schedule 3   Capital allowances

Income Tax Assessment Act 1997

23   Subsection 40-85(2) (notes 1 and 2)

Repeal the notes, substitute:

Note: The opening adjustable value of a depreciating asset may be modified by one of these provisions:

· Subdivision 27-B;

· subsection 40-90(3);

· subsection 40-285(4);

· paragraph 40-365(5)(b).