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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

421   Subsection 995-1(1) (definition of notional written down value )

Repeal the definition, substitute:

notional written down value of a *depreciating asset has the meaning given by section 58-75.