Social Security and Family Assistance Legislation Amendment (Miscellaneous Measures) Act 2006 (108 of 2006)

Schedule 3   Amendment of the Social Security Act 1991

74   Subparagraphs 1185K(3)(d)(ii) and (iia)

Repeal the subparagraphs, substitute:

(ii) depreciation that relates to a relevant farm asset and is an allowable deduction for the purposes of subsection 54(1) of the Income Tax Assessment Act 1936; and

(iia) amounts that relate to a relevant farm asset and can be deducted under a provision of Division 40 of the Income Tax Assessment Act 1997 corresponding to a provision of repealed Division 42 of that Act; and