Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

10   Amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

59   Subsection 995-1(1) (definition of effective life)

Repeal the definition, substitute:

effective life:

(a) of *plant - has the meaning given by Subdivision 42-C; and

(b) of an item of *intellectual property - has the meaning given by section 373-35; and

(c) of a *horticultural plant - has the meaning given by section 387-175.