Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
7 Environment (new Division 400)
3 Consequential amendment of the Income Tax Assessment Act 1936
18 Subsection 245-140(1) of Schedule 2C (table item dealing with expenditure on study to evaluate the environmental impact of an income producing project)
Repeal the item, substitute:
|
Expenditure on environmental impact assessment |
item 1, 2 or 3 of the table in subsection 400-15(3) of the Income Tax Assessment Act 1997 |