Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 3 Rural water use
Income Tax Assessment Act 1997
9 At the end of section 110-38
(7) Expenditure does not form part of any element of the cost base to the extent that section 26-100 prevents it being deducted.
Note: Section 26-100 denies deductions for certain expenditure on water infrastructure improvements.