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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

390   Subsection 995-1(1) (definition of hold )

Repeal the definition, substitute:

hold :

(a) hold a car for the purposes of Division 28 has the meaning given by section 28-90; and

(b) hold a *depreciating asset has the meaning given by section 40-40.