Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_48
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 48
Character Range: 119497–120020

48  At the end of subsection 40‑630(1)
Add:

Note: If Division 250 applies to you and an asset that is land:

(a) if section 250‑150 applies—you are taken to be using the land for the purpose of carrying on a primary production business, or a business for the purpose of producing assessable income from the use of rural land (except a business of mining operations), to the extent specified in a determination made under subsection 250‑150(3); or

(b) otherwise—you are taken not to be using the land for such a purpose.