Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159ge:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GE (pt 3/6)
Character Range: 1348618–1351326

Division 10AAA property means property in relation to which there has been incurred capital expenditure to which the former Division 10AAA of this Part applies or transport capital expenditure within the meaning of the former Subdivision 330‑H, or section 40‑865 of the Income Tax Assessment Act 1997.
Division 10C or 10D property means property in relation to which there has been incurred qualifying expenditure within the meaning of the former Division 10C or 10D or for which there is a pool of construction expenditure within the meaning of Division 43 of the Income Tax Assessment Act 1997.
effective life, in relation to an item of eligible property at a particular time, means the period (if any) that the Commissioner estimates will be, or would be, at that time the effective life of the property after that time assuming that it is or would be maintained in reasonably good order and condition.
eligible amount, in relation to an item of eligible property, means:
 (a) where the item is an item of eligible depreciation property—the amount that:
 (i) was the cost of the item of property within the meaning of Division 40, or the former Division 42, of the Income Tax Assessment Act 1997 to the taxpayer who holds it; or
 (ii) would have been the cost of the item of property to the taxpayer for the purposes of that Division if that Division had applied in relation to the item of property; and
 (b) where the item is an item of eligible capital expenditure property—any amount of eligible capital expenditure in relation to the item of property.
eligible capital expenditure, in relation to an item of eligible capital expenditure property, means expenditure by reason of which the item of property is eligible capital expenditure property.
eligible capital expenditure property means Division 10, 10AA or 10A property, Division 10AAA property, Division 10C or 10D property or eligible spectrum licences.
eligible depreciation property means:
 (a) plant or articles within the meaning of the former section 54 of this Act; or
 (b) plant within the meaning of the former section 42‑18 of the Income Tax Assessment Act 1997 or plant within the meaning of section 45‑40 of that Act; or
 (c) a depreciating asset within the meaning of Division 40 of that Act.
eligible property means:
 (a) eligible depreciation property;
 (b) Division 10, 10AA or 10A property;
 (c) Division 10AAA property;
 (d) Division 10C or 10D property; or
 (e) eligible spectrum licences.
eligible real property, means eligible property that is:
 (a) a building or a part of a building; or
 (b) a structure that is a fixture or a part of such a structure.
eligible spectrum licence means a spectrum licence within the meaning