Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances  

Subdivision 40-I - Capital expenditure that is deductible over time  

Operative provisions

SECTION 40-870   Meaning of transport facility  

40-870(1)  
A transport facility is a railway, a road, a pipe-line, a port facility or other facility for ships, or another facility, that is used primarily and principally for transport of:


(a) * minerals or quarry materials obtained by any entity in carrying on * mining and quarrying operations; or


(b) * processed minerals produced from minerals or quarry materials.

40-870(2)  
However, a facility used for these is not a transport facility :


(a) transport wholly within the site of * mining and quarrying operations;


(b) transport of * petroleum:


(i) that has been treated at a refinery; or

(ii) that forms part of a system of reticulation to consumers; or

(iii) to a particular consumer or consumers.

 

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