INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III - LIABILITY TO TAXATION Division 10AB - Rehabilitation and restoration of mining, quarrying and petroleum sites
SECTION 124BF PROPERTY USED FOR REHABILITATION-RELATED ACTIVITIES TAKEN TO BE USED FOR THE PURPOSE OF PRODUCING ASSESSABLE INCOME 124BF(1) [Deemed use of property]
For the purposes of this Act, where property is used by a taxpayer on or after 1 July 1991 for rehabilitation-related activities, that use of the property by the taxpayer is taken to be for the purpose of producing assessable income of the taxpayer.124BF(2) [Exception]
Subsection (1) has effect subject to a provision of this Act that expressly provides that a particular use of property is not taken to be for the purpose of producing assessable income.
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