INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
A taxpayer may, by written notice:
(a) create a pool to which depreciable property may be allocated; and
(b) specify a year of income as the earliest year of income for which property may be allocated to the pool; and
(c) specify a percentage as the pool percentage for the pool. 62AAC(2) [Period for notice]
A notice under subsection (1) is irrevocable and must be made:
(a) within 6 months after the later of the following:
(i) the end of the specified year of income;
(ii) the commencement of this section; or
(b) within such further period as the Commissioner allows.
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