New Business Tax System (Simplified Tax System) Act 2001 (78 of 2001)
Schedule 2 Consequential Amendments
Income Tax Assessment Act 1997
13 Subsection 995-1(1)
Insert:
depreciating asset lease : a depreciating asset lease is an agreement (including a renewal of an agreement) under which the entity that *holds the *depreciating asset grants a right to use the asset to another entity. However, a depreciating asset lease does not include a *hire purchase agreement or a *short-term hire agreement.
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