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Edited version of your private ruling
Authorisation Number: 1012605860000
Ruling
Subject: Income tax: capital allowances - project pools
The ruling concerned the following:
For the purposes of subparagraph 40-840(2)(d)(i) of the Income Tax Assessment Act 1997 (ITAA 1997), will the amounts paid by the entity constitute an 'amount paid to create or upgrade community infrastructure for a community associated with a project'?
The Commissioner ruled that:
Yes. For the purposes of subparagraph 40-840(2)(d)(i) of the ITAA 1997, the amounts paid by the entity constitute an 'amount paid to create or upgrade community infrastructure for a community associated with a project.