New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003 (133 of 2003)

Schedule 4   Foreign currency

Part 1   Amendments

Income Tax Assessment Act 1997

46   Subsection 40-85(2) (note)

Repeal the note, substitute:

Note: The opening adjustable value of a depreciating asset may be modified by one of these provisions:

· Subdivision 27-B;

· subsection 40-90(3);

· subsection 40-285(4);

· paragraph 40-365(5)(b);

· section 775-70;

· section 775-75.