New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)

Schedule 2   General consequential amendments

Income Tax Assessment Act 1936

144   Section 42A-120 of Schedule 2E

Omit "depreciation allowable to that person for the car, would have been reduced because of the operation of section 57AF or section 42-80 of the Income Tax Assessment Act 1997", substitute "deductions allowable to that person for the decline in value of the car, would have been reduced because of the operation of section 57AF, the former section 42-80 of the Income Tax Assessment Act 1997 or section 40-230 of that Act".