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

Schedule 2   General consequential amendments

Income Tax Assessment Act 1997

443   Subsection 995-1(1) (definition of purpose of producing assessable income , notes 1 and 2)

Repeal the notes, substitute:

Note: These provisions treat use of property as not being for the purpose of producing assessable income:

· section 32-15 (about using property in providing entertainment)