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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1936

145   After paragraph 268-35(2)(a) of Schedule 2F

Insert:

(aa) deductions for the decline in value of a depreciating asset;

See Division 40 of the Income Tax Assessment Act 1997.