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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

232   Paragraphs 45-5(5)(b) and (c)

Repeal the paragraphs, substitute:

(b) you apply it under section 40-365 (about offsetting balancing adjustments); or

(c) roll-over relief is available for the disposal under section 40-340.