Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)
Schedule 3 Capital allowances
Income Tax Assessment Act 1936
3 At the end of section 57-130 of Schedule 2D
Add:
(2) Despite subsection (1), Subdivision 57-J applies for the purposes of section 40-35 of the Income Tax (Transitional Provisions) Act 1997 to capital expenditure incurred by a transition taxpayer before 1 July 2001 that relates to property that is not a depreciating asset.
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