INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision CA - Deductions for environment protection expenditure  

SECTION 82BL   ALLOWABLE ENVIRONMENT PROTECTION EXPENDITURE  

82BL(1)   Meaning of ``allowable environment protection expenditure''.  

For the purposes of this Subdivision, if:

(a) a taxpayer incurs expenditure (whether of a capital nature or otherwise) for the sole or dominant purpose of carrying on one or more eligible environment protection activities;

then:

(b) the expenditure, to the extent that the expenditure is in respect of eligible environment protection activities in relation to the taxpayer, is allowable environment protection expenditure of the taxpayer.

82BL(2)   Allowable environment protection expenditure does not include allowable environmental impact expenditure.  

Expenditure is taken not to be allowable environment protection expenditure to the extent to which it is allowable environmental impact expenditure (within the meaning of section 82BC ).

82BL(3)   Deduction of last resort.  

Expenditure is taken not to be allowable environment protection expenditure to the extent to which a deduction is allowable in respect of that expenditure under a provision of this Act other than section 82BK .