Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 43.120

Own expenditure

(1) Your area is the part of the *construction expenditure area that you
lease, or hold under a *quasi-ownership right over land granted by an *exempt
Australian government agency or an *exempt foreign government agency, and
that:

   (a)  is attributable to a *pool of construction expenditure that you
        incurred; and

   (b)  you have continuously leased or held since the construction was
        completed.

Earlier lessees' or holders' expenditure

(2) Your area is the part of the *construction expenditure area that you
lease, or hold under a *quasi-ownership right over land granted by an *exempt
Australian government agency or an *exempt foreign government agency, and
that:

   (a)  is attributable to a *pool of construction expenditure incurred by
        another lessee or holder of a quasi-ownership right over land; and

   (b)  has been continuously leased or held since the construction was
        completed by the lessee or holder who incurred the expenditure or an
        assignee of that lessee's lease or that holder's quasi-ownership right
        over land.

(3) Your construction expenditure is the portion of the *pool of construction
expenditure that is attributable to your area.