INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteSubject to this Division, expenditure (whether of a capital nature or otherwise) incurred by a taxpayer on or after 1 July 1991 and before the 1997-98 year of income, to the extent to which the expenditure is in respect of rehabilitation-related activities, is an allowable deduction for the year of income in which the expenditure is incurred.
Note:
Subdivision 330-I of the Income Tax Assessment Act 1997 gives a taxpayer a deduction for expenditure incurred on rehabilitation in the 1997-98 year of income or a later year of income.
A provision of this Act (including a provision of section 51 , other than subsection 51(1) ) that expressly prevents or restricts the operation of section 51 applies in the same way to this section.
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