Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.145

             (1)  If this Division applies to you and an asset at a particular time, any condition that needs to be satisfied for you to be able to deduct an amount under a * capital allowance provision in relation to:

                     (a)  a decline in the value of the asset; or

                     (b)  expenditure in relation to the asset;

is taken not to be satisfied at that time.

             (2)  This section has effect subject to section 250-150.