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

Schedule 5   Geothermal energy

Income Tax Assessment Act 1997

17   Subsection 40-730(3)

Repeal the subsection, substitute:

(3) Also, you cannot deduct expenditure under subsection (1) to the extent that it forms part of the *cost of a *depreciating asset.