New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1936
55 Subsection 82KH(1) (paragraph (x) of the definition of relevant expenditure )
Omit "it is taken into account in working out under Division 373 of the Income Tax Assessment Act 1997 the taxpayer's unrecouped expenditure on the item", substitute "it is taken into account in working out under Division 40 of the Income Tax Assessment Act 1997 the adjustable value of the item to the taxpayer".
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