Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.395

The amount deductible in respect of *transport capital expenditure is:

   (a)  if the materials transported are *minerals, or *processed materials
        produced from *minerals (other than *petroleum)-10% of that
        expenditure:

        (i)    for 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; and

        (ii)   for each of the next 9 income years; or

   (b)  if the materials transported are *quarry materials, or

*processed materials produced from *quarry materials-5% of that expenditure:

        (i)    for 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; and

        (ii)   for each of the next 19 income years.