Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:7_4
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 7 cl 4
Character Range: 940606–941519

4  Section 40‑30 (table items dealing with environmental impact studies and environment protection)
Repeal the items, substitute:

Environmental impact assessment      Expenditure on assessing the environmental impact of an income‑producing project  Any entity with an income‑producing project                                                                                                  Generally 10 years, but may be less, depending on the estimated life of the project  This is not applicable  Subdivision 400‑A

Environmental protection activities  Expenditure incurred in dealing with pollution or waste                           Any entity incurring expenditure to deal with pollution or waste from its income‑producing activity or from or on the site of that activity  Immediate 100% write off                                                             This is not applicable  Subdivision 400‑B