New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
434 Subsection 995-1(1) (definition of pre-existing audited book value )
Repeal the definition, substitute:
pre-existing audited book value of a *depreciating asset has the meaning given by section 58-85.