Document ID: chunk:federal_register_of_legislation:C2004A00844:clause:1_6:p3
Version: federal_register_of_legislation:C2004A00844
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 3/18)
Character Range: 121393–124160

notice requiring the entity to give you any or all of the following information:
 (a) the amount of establishment expenditure for the plant or grapevine;
 (b) for a horticultural plant—its *effective life and the day on which it could first be used for *commercial horticulture;
 (c) for a grapevine—the day on which it was established.

 (2) The notice must:
 (a) be given within 60 days of your beginning to satisfy that condition; and
 (b) specify a period of at least 60 days within which the information must be given; and
 (c) set out the effect of subsection (3).

Note: Subsections (4) and (5) explain how this subsection operates if the last owner is a partnership.

Requirement to comply with notice

 (3) The entity to whom the notice is given must not intentionally refuse or fail to comply with the notice.

Penalty: 10 penalty units.

Giving the notice to a partnership

 (4) If the entity to whom the notice is given is a partnership:
 (a) you may give it to the partnership by giving it to any of the partners (this does not limit how else you can give it); and
 (b) the obligation to comply with the notice is imposed on each of the partners (not on the partnership), but may be discharged by any of them.

 (5) A partner must not intentionally refuse or fail to comply with that obligation, unless another partner has already complied with it.

Penalty: 10 penalty units.

Limits on giving a notice

 (6) Only one notice can be given in relation to the same *horticultural plant or grapevine.

Subdivision 40‑G—Capital expenditure of primary producers and other landholders

Guide to Subdivision 40‑G

40‑625  What this Subdivision is about

      You can deduct amounts for capital expenditure you incur:
         • on landcare operations; or
         • on electricity connections or telephone lines.

Table of sections

Operative provisions

40‑630 Landcare operations
40‑635 Meaning of landcare operation
40‑640 Meaning of approved management plan
40‑645 Electricity and telephone lines
40‑650 Amounts you cannot deduct under this Subdivision
40‑655 Meaning of connecting power to land or upgrading the connection and metering point
40‑660 Non‑arm's length transactions
40‑665 How this Subdivision applies to partners and partnerships
40‑670 Approval of persons as farm consultants
40‑675 Review of decisions relating to approvals

[This is the end of the Guide.]

Operative provisions

40‑630  Landcare operations

 (1) You can deduct capital expenditure you incur at a time in an income year on a *landcare operation for:
 (a) land in Australia you use at the time for carrying on a *primary production business; or
 (b) rural land in Australia you use at the time for carrying on a *business for a *taxable purpose from the use of that