Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 35.10

    The rule in subsection   35 - 10(2) of the Income Tax Assessment Act 1997 does not apply for an income year to a business activity if:

  (a)   apart from that rule, you could otherwise deduct amounts under Division   41 of that Act for that income year; and

  (b)   the total of those amounts is more than or equal to the excess worked out under that subsection for the business activity for the income year.