Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:2_73bi
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 2 cl 73BI
Character Range: 14895–16025

73BI  Meaning of section 73BH plant

 (1) A unit of section 73BH plant of an eligible company is a thing for which the eligible company could (ignoring section 73BH) deduct an amount under section 42‑15 of the Income Tax Assessment Act 1997 if the following assumptions were made:
 (b) the definition of plant in section 42‑18 of that Act included capital works (other than buildings) to which Division 43 of the Income Tax Assessment Act 1997 applies, or to which that Division would apply but for expenditure being incurred, or capital works being started, before a particular day;
 (c) the eligible company satisfied any relevant requirement for deductibility under that Division.

 (2) However, subsection (1) does not apply to a thing:
 (a) acquired, or constructed, under a contract entered into by the company at or before 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001; or
 (b) that the company commenced to construct at or before 12 pm, by legal time in the Australian Capital Territory, on 29 January 2001.

 (3) In this section:

eligible company has the same meaning as in section 73B.