Document ID: chunk:federal_register_of_legislation:C2004C01190:clause:1_3:p5
Version: federal_register_of_legislation:C2004C01190
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 5/5)
Character Range: 60207–61008

to land or a telephone line on land; and
 (b) you do not hold the land to which the electricity or telephone line relates at the start of 1 July 2001.

 (2) Subdivision 40‑G of the new Act applies to the qualifying amount on the basis specified in that Subdivision, and no other taxpayer can deduct amounts for it under the new Act.

40‑670  Farm consultants

  A person approved as a farm consultant under Subdivision 387‑A of the former Act is taken to be approved as a farm consultant under section 40‑670 of the new Act.

Subdivision 40‑I—Capital expenditure that is deductible over time

Table of sections

40‑825 Genuine prospectors

40‑825  Genuine prospectors

  The exemption provided by section 330‑60 of the former Act continues to apply to ordinary income derived before 20 August 2001.