Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:10_46
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 10 cl 46
Character Range: 129821–134070

46  Section 57‑85 of Schedule 2D
Repeal the section, substitute:

57‑85  What are the modified deduction rules and corresponding deduction provisions?

 (1) A modified deduction rule is a provision listed in column 3 of an item in the table in subsection (3). Provisions of the Income Tax Assessment Act 1997 are identified in normal text, while provisions of the Income Tax Assessment Act 1936 are in bold.

 (2) The corresponding deduction provision (if any) for a modified deduction rule listed in column 3 of an item in the table in subsection (3) is the provision of the Income Tax Assessment Act 1936 listed in column 4 of the item.

 (3) The table is as follows:

Modified deduction rules and corresponding deduction provisions
Column 1                                                         Column 2                                  Column 3                                  Column 4
                                                                                                           Modified deduction rule                   Corresponding deduction provision
Item                                                             Description
  1                                                              Borrowing expenses                        Section 25‑25                             Section 67
  2                                                              Electricity connections                   Subdivision 387‑E                         Section 70A
  3                                                              Environmental impact studies              Subdivision C of Division 3 of Part III
  4                                                              Environment protection                    Subdivision CA of Division 3 of Part III
  5                                                              Films, Australian                         Division 10BA of Part III
  6                                                              Grapevines                                Subdivision 387‑D                         Section 75AA
  7                                                              Industrial property                       Division 10B of Part III
  8                                                              Landcare operations                       Subdivision 387‑A                         Section 75D
  9                                                              Gifts                                     Section 25‑50 and Division 30             Section 78
  10                                                             Mining and quarrying                      Subdivision 330‑C                         Division 10 of Part III (except sections 122J and 122JF) or Division 10AA of Part III (except section 124AH) (as appropriate)
  11                                                             Mining transport and quarrying transport  Subdivision 330‑H                         Division 10AAA of Part III
  12                                                             Mining etc. site rehabilitation           Subdivision 330‑I                         Division 10AB of Part III
  13                                                             Research and development ("R&D")          Section 73B
  14                                                             Scientific research                       Section 73A
  15                                                             Telephone lines                           Subdivision 387‑F                         Section 70
  16                                                             Timber mill buildings                     Subdivision 387‑G                         Subdivision B of Division 10A of Part III
  17                                                             Timber operations: forestry roads         Subdivision 387‑G                         Subdivision A of Division 10A of Part III
  18                                                             Cost of acquiring trees                   Section 70‑120                            Section 124J
  19                                                             Water conservation                        Subdivision 387‑B                         Section 75B