INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteThere are 4 kinds of drought mitigation property :
(a) a fodder storage facility (see section 651 ); and
(b) a water storage facility (see subsection 652(1) ); and
(c) a water transport facility (see subsection 652(2) ); and
(d) minimum tillage equipment (see section 654 ).
Note:
In order for drought investment allowance to be available, the drought mitigation property must be for use in producing assessable primary production income (and other requirements must be satisfied).
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