Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)
Schedule 1 Effective life provisions
Income Tax Assessment Act 1997
4 Subsection 40-105(4)
Repeal the subsection, substitute:
(4) This section does not apply to the following intangible *depreciating assets:
(a) assets to which an item in the table in subsection 40-95(7) applies;
(b) *mining, quarrying or prospecting rights.
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