Tax and Superannuation Laws Amendment (2014 Measures No. 3) Act 2014 (69 of 2014)

Schedule 1   Capital allowances

Part 1   Amendments

Income Tax Assessment Act 1997

11   Subsection 40-180(2) (at the end of the table)

Add:

14

A *balancing adjustment event happens to a *depreciating asset you *hold because of subsection 40-295(1B)

What would, apart from subsection 40-285(3), be the asset's *adjustable value on the day the *balancing adjustment event occurs