Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

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

Division 40 - Capital allowances  

Subdivision 40-G - Capital expenditure of primary producers and other landholders  

Operative provisions

SECTION 40-655   Meaning of connecting power to land or upgrading the connection and metering point  

40-655(1)  
Each of these operations is connecting power to land or upgrading the connection :


(a) connecting a mains electricity cable to a * metering point on the land (whether or not the point from which the cable is connected is on the land);


(b) providing or installing equipment designed to measure the amount of electricity supplied through a mains electricity cable to a metering point on the land;


(c) providing or installing equipment for use directly in connection with the supply of electricity through a mains electricity cable to a metering point on the land;


(d) work to increase the amount of electricity that can be supplied through a mains electricity cable to a metering point on the land;


(e) work to modify or replace equipment designed to measure the amount of electricity supplied through a mains electricity cable to a metering point on the land, if the modification or replacement results from increasing the amount of electricity supplied to the land;


(f) work to modify or replace equipment for use directly in connection with the supply of electricity through a mains electricity cable to the land, if the modification or replacement results from increasing the amount of electricity supplied to the land;


(g) work carried out as a result of a contribution to the cost of a project consisting of the connection of mains electricity facilities to that land and other land.

40-655(2)  
However, an operation described in subsection (1) done in the course of replacing or relocating mains electricity cable or equipment is connecting power to land or upgrading the connection only if done to increase the amount of electricity that can be supplied to a * metering point on the land.

40-655(3)  
A metering point on land is a point where consumption of electricity supplied to the land through a mains electricity cable is measured.


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