Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 6   Other amendments

Income Tax Assessment Act 1997

79   Subsection 104-240(1) (paragraph (a) of the definition of sum of reductions )

Omit “in the case of the *depreciating asset”, substitute “if the *depreciating asset is covered by subsection 104-235(1)”.