Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)
Schedule 3 Capital allowances
Income Tax Assessment Act 1997
59 Subsection 104-235(1A)
Repeal the subsection, substitute:
(1A) However, subsection (1) does not apply if:
(a) you are an eligible company (within the meaning of section 73B of the Income Tax Assessment Act 1936) and the *depreciating asset is a section 73BA depreciating asset (within the meaning of section 73BB of that Act); or
(b) there is roll-over relief for the *balancing adjustment event under section 40-340 of this Act; or
(c) the asset is one for which you or another entity has deducted or can deduct amounts under Subdivision 40-F or 40-G.
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