Document ID: chunk:federal_register_of_legislation:C2017C00169:clause:2_14
Version: federal_register_of_legislation:C2017C00169
Segment Type: clause
Provision Reference: sch 2 cl 14
Character Range: 10775–12031

14  At the end of section 40‑525
Add:

Fodder storage assets
 (3) The capital expenditure you incurred on the construction, manufacture, installation or acquisition of the *fodder storage asset must have been incurred primarily and principally for use in a *primary production business that you conduct on land in Australia.
Note: If Division 250 applies to you and an asset that is a fodder storage asset:
(a) if section 250‑150 applies—the condition in this subsection is taken to be satisfied for the asset 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 asset.

Fencing assets
 (4) The capital expenditure you incurred on the construction, manufacture, installation or acquisition of the *fencing asset must have been incurred primarily and principally for use in a *primary production business that you conduct on land in Australia.
Note: If Division 250 applies to you and an asset that is a fencing asset:
(a) if section 250‑150 applies—the condition in this subsection is taken to be satisfied for the asset 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 asset.