Taxation Laws Amendment Act 1993 (17 of 1993)

Part 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 12   Amendment relating to depreciation of vehicles for transporting disabled persons

44   Limit on cost price for depreciation of motor vehicle

Section 57AF of the Principal Act is amended by adding at the end of the definition of "excluded property" in subsection (15) the following word and paragraph:

"or (d) a unit of property, being a motor vehicle that, immediately before it was first used by the taxpayer for any purpose, was specially fitted out for transporting disabled persons seated in wheelchairs (except if, at that time, the motor vehicle met the description in subitem 96(1) or 97(1) of Schedule 1 to the Sales Tax (Exemptions and Classifications) Act 1992).".