Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)
Schedule 3 Capital allowances
Income Tax Assessment Act 1997
50 At the end of section 43-140
Add:
(2) This Division applies to an entity as if the entity used property for the *purpose of producing assessable income if the entity uses the property for:
(a) *environmental protection activities; or
(b) the environmental impact assessment of a project;
unless a provision of this Act expressly provides that that use is not for the purpose of producing assessable income.
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