Tax Law Improvement Act 1997 (121 of 1997)
Schedule 6 Depreciation
Part 3 Consequential amendment of the Income Tax Assessment Act 1936
102 Subsection 160ZK(2)
Repeal the subsection, substitute:
(2) The reference in paragraph (1)(b) to an amount that is included in the assessable income of a taxpayer includes a reference to an amount:
(a) that is taken by subsection 60(1A) of this Act to be so included for the asset for the purposes of subsection 60(1); or
(b) that is treated as being deducted for depreciation of another asset under section 42-285 or 42-290 of the Income Tax Assessment Act 1997.
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