Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 4   Application, savings and transitional provisions

Part 3   Transitional provisions appearing as amendments of other Acts

Income Tax Assessment Act 1997

9   Subsection 40-85(2) (note)

Repeal the note, substitute:

Note: The opening adjustable value of a depreciating asset may be modified by one of these provisions:

(a) Subdivision 27-B;

(b) subsection 40-90(3);

(c) subsection 40-285(4);

(d) paragraph 40-365(5)(b);

(e) section 775-70;

(f) section 775-75;

(g) section 355-605 of the Income Tax (Transitional Provisions) Act 1997.