Old law/new law comparison table

Water facilities tax concession

Application date	Coverage of law	Irrigation water providers	Primary producers	Businesses using rural land (other than mining)
Law before 1 July 2004	Can claim a deduction for capital expenditure on water facilities over three years. Examples of a water facility include dams, tanks, wells, irrigation channels, pumps and windmills.	No	Yes	No
Law from 1 July 2004	Can claim a deduction for capital expenditure on water facilities over three years. As well as the examples detailed above, the type of expenditure has been extended to also include repairs of a capital nature and structural improvements, alterations, additions or extensions to a structural improvement that are reasonably incidental to conserving or conveying water (for example, a bridge over an irrigation channel)	Yes	Yes	No