Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 3/3)
Character Range: 1020657–1021981

is:
 (a) an asset or a structural improvement that is a fence; or
 (b) a repair of a capital nature, or an alteration, addition or extension, to a fence.

40‑525  Conditions

Water facilities
 (1) The capital expenditure you incurred on the construction, manufacture, installation or acquisition of the *water facility must have been incurred:
 (a) primarily and principally for the purpose of conserving or conveying water for use in a *primary production business that you conduct on land in Australia; or
 (b) for expenditure incurred by an *irrigation water provider—primarily and principally for the purpose of conserving or conveying water for use in primary production businesses conducted by other entities on land in Australia, being entities supplied with water by the irrigation water provider.
Note: If Division 250 applies to you and an asset that is a water facility:
(a) if section 250‑150 applies—the condition in this subsection is taken not to be satisfied for the facility to the extent specified under subsection 250‑150(3); or
(b) otherwise—the condition in this subsection is taken not to be satisfied for the facility.

Horticultural plants

 (2) One of the conditions in this table must be satisfied:

Conditions relating to horticultural plants
Item                                         Condition