Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.370

If you incur *transport capital expenditure in the 1997-98 income year or a
later income year, an amount worked out under section 330- 395 is deductible
in respect of that expenditure for a number of income years, starting with the
first income year in which the facility in respect of which the expenditure
was incurred is used primarily and principally for *mining or quarrying
transport. Note: Section 330-60 of the
Income Tax (Transitional Provisions) Act  1997 converts amounts of undeducted
capital expenditure at the end of the 1996-97 income year into transport
capital expenditure incurred by you in the 1997-98 income year. It also tells
you how to deduct that expenditure.