Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)
Schedule 3 Capital allowances
Income Tax Assessment Act 1997
71 At the end of section 152-110
Add:
Exception
(3) However, subsection (2) does not apply to income *derived by a company or trust as a result of a *balancing adjustment event occurring to a *depreciating asset:
(a) whose decline in value is worked out under Division 40; or
(b) deductions for which are calculated under Division 328.
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