Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)
Schedule 3 Miscellaneous and technical amendments
Part 2 Amendments commencing the first 1 January, 1 April, 1 July or 1 October to occur after Royal Assent
Division 8 Finance leases
Income Tax Assessment Act 1997
67 Subsection 705-56(1)
Repeal the subsection, substitute:
Application of this section
(1) This section applies if, just before the joining time, the joining entity is the lessor or lessee under a lease of a *depreciating asset (the underlying asset ) to which Division 40 applies.
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