New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
297 Subsection 124-80(2)
Repeal the subsection, substitute:
(2) The other asset cannot become an item of your *trading stock just after you *acquire it, nor can it be a *depreciating asset.