Minerals Resource Rent Tax Repeal and Other Measures Act 2014 (96 of 2014)

Schedule 1   Minerals resource rent tax

Part 2   Consequential amendments

Income Tax Assessment Act 1997

29   Subsection 995-1(1) (definition of base value )

Repeal the definition, substitute:

base value , of a *depreciating asset, has the meaning given by subsection 40-70(1).