Document ID: chunk:federal_register_of_legislation:C2025C00029:section:6:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 6 (pt 8/24)
Character Range: 1046144–1048776

of any entity's deduction (including a deduction for a *depreciating asset) for any income year under a provision of this Act (except this Subdivision); or
 (ii) the net income, or partnership loss, of a partnership under section 90 of the Income Tax Assessment Act 1936.
 (5) However, you can deduct an amount under this Subdivision for your expenditure on a part of a telephone line even if:
 (a) an entity that worked on installing that part has deducted, or can deduct, an amount relating to that part for any income year under this Act (except this Subdivision); or
 (b) the cost of that part has been, or must be, taken into account:
 (i) in working out the amount of such an entity's deduction for any income year under a provision of this Act (except this Subdivision); or
 (ii) under section 90 of the Income Tax Assessment Act 1936 in working out the net income, or partnership loss, of a partnership that worked on installing that part.
 (6) Subsection (5) has effect whether the entity did the work itself or through one or more employees or *agents.
 (7) If you can deduct, or have deducted, an amount for any income year under section 40‑645 for your expenditure:
 (a) an entity cannot deduct an amount for any income year under a provision of this Act (except this Subdivision) for the expenditure; and
 (b) the expenditure cannot be taken into account to work out the amount of an entity's deduction for any income year under a provision of this Act (except this Subdivision).
 (8) Subsection (7) also applies in working out the net income, or partnership loss, of a partnership under section 90 of the Income Tax Assessment Act 1936.

40‑655  Meaning of connecting power to land or upgrading the connection and metering point
 (1) Each of these operations is connecting power to land or upgrading the connection:
 (a) connecting a mains electricity cable to a *metering point on the land (whether or not the point from which the cable is connected is on the land);
 (b) providing or installing equipment designed to measure the amount of electricity supplied through a mains electricity cable to a metering point on the land;
 (c) providing or installing equipment for use directly in connection with the supply of electricity through a mains electricity cable to a metering point on the land;
 (d) work to increase the amount of electricity that can be supplied through a mains electricity cable to a metering point on the land;
 (e) work to modify or replace equipment designed to measure the amount of electricity supplied through a mains electricity cable to a metering point on the land, if the modification or