Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.53

  (1)   These things are not the same * depreciating asset for the purposes of section   40 - 50 and Subdivision   40 - F:

  (a)   a depreciating asset; and

  (b)   a repair of a capital nature, or an alteration, addition or extension, to that asset that would, if it were a separate depreciating asset, be a * water facility, * fodder storage asset or * fencing asset.

  (2)   These things are not the same * depreciating asset for the purposes of section   40 - 50 and Subdivision   40 - G:

  (a)   a depreciating asset; and

  (b)   a repair of a capital nature, or an alteration, addition or extension, to that asset that would, if it were a separate depreciating asset, be a * landcare operation.