National Disability Insurance Scheme Legislation Amendment Act 2013 (44 of 2013)
Schedule 3 Income tax amendments
Income Tax Assessment Act 1997
4 At the end of Subdivision 40-C
Add:
40-235 Adjustment: National Disability Insurance Scheme costs
The *cost of a *depreciating asset does not include an amount to the extent that section 26-100 prevents the amount from being deducted (even if some other provision also prevents it being deducted).
Note: Section 26-100 denies deductions for National Disability Insurance Scheme expenditure.
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