INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 43 - Deductions for capital works  

Subdivision 43-B - Establishing the deduction base  

Operative provisions

SECTION 43-72   Meaning of forestry road, timber operation and timber mill building  

43-72(1)  
A forestry road is a road constructed primarily and principally for the purpose of providing access to an area to enable:

(a) trees to be planted or tended in the area; or

(b) timber felled in the area to be removed.

For this purpose, a road includes any bridge, culvert or similar work forming part of the road.

43-72(2)  
A timber operation is:

(a) planting or tending trees for felling; or

(b) felling standing timber; or

(c) removing felled timber; or

(d) milling felled timber or processing it in another way.

43-72(3)  
A timber mill building is a building:

(a) for use primarily and principally:

(i) in carrying on your ^* business of milling timber for a ^* taxable purpose; or

(ii) as residential accommodation for your employees engaged in connection with the business, or for their dependants; and

(b) located in a forest, and in or adjacent to the area where timber milled in the business is, or is to be, felled.