Document ID: chunk:federal_register_of_legislation:C2004A00844:clause:2_3
Version: federal_register_of_legislation:C2004A00844
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 162515–163149

3  At the end of section 42‑460
Add:

 (6) You cannot allocate *plant to a *low‑value pool if:
 (a) its *cost does not exceed $300; and
 (b) you use the plant predominantly for the *purpose of producing assessable income that is not income from carrying on a *business; and
 (c) the plant is not part of a set of assets of which you became the owner or *quasi‑owner in that income year where the total cost of the set of assets exceeds $300; and
 (d) the total cost of the plant and any other identical, or substantially identical, item of plant of which you became the owner or quasi‑owner in that income year does not exceed $300.