Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.835

    You must reduce your deduction under section   40 - 830 or 40 - 832 for an income year by a reasonable amount for the extent (if any) to which the project operates in the year for purposes other than * taxable purposes.

Note:   If Division   250 applies to you and an asset:

(a)   if section   250 - 150 applies--you are taken not to be using the asset for taxable purposes to the extent specified under subsection   250 - 150(3); or

(b)   otherwise--you are taken not to be using the asset for such purposes.