Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)

Schedule 2   Consequential amendments relating to Schedule 1 repeals etc.

Part 1   Amendments: general

Income Tax Assessment Act 1936

494   Subparagraphs 570(1)(a)(i) and (ii)

Repeal the subparagraphs, substitute:

(i) a depreciating asset within the meaning of Division 40 of the Income Tax Assessment Act 1997; or

(ii) industrial property within the meaning of Division 10B of Part III of this Act; or