Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Act 2006 (55 of 2006)

Schedule 5   Improved depreciation arrangements

Part 2   Consequential amendments

Income Tax Assessment Act 1997

9   At the end of subsection 40-830(3)

Add:

Note: The calculation is made under subsection 40-832(3) for project amounts incurred on or after 10 May 2006 for projects that start to operate on or after that day.