Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

7   Environment (new Division 400)

3   Consequential amendment of the Income Tax Assessment Act 1936

17   At the end of subsection 82BR(1)

Add:

Note: Subdivision 400-C of the Income Tax Assessment Act 1997 treats property used for eligible environment protection activities in the 1998-99 year of income or a later year of income as if it were used for the purpose of producing assessable income.