New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Bounty and Capitalisation Grants (Textile Yarns) Act 1981
16 Paragraph 3(3)(p)
Repeal the paragraph, substitute:
(p) depreciation of machinery, plant or equipment, other than:
(i) depreciation of the machinery, plant or equipment that is an allowable deduction to the producer under the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997; or
(ii) depreciation of the machinery, plant or equipment for which the producer can deduct amounts under Division 40 of the Income Tax Assessment Act 1997;