Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:6_7
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 6 cl 7
Character Range: 138024–138916

7  After subsection 40‑630(1)
Insert:

 (1A) A *rural land irrigation water provider can deduct capital expenditure it incurs at a time in an income year on a *landcare operation for:
 (a) land in Australia that other entities use at the time for carrying on *primary production businesses; or
 (b) rural land in Australia that other entities use at the time for carrying on *businesses for a *taxable purpose from the use of that land (except a business of *mining operations);
being entities supplied with water by the rural land irrigation water provider.

 (1B) A rural land irrigation water provider is:
 (a) an *irrigation water provider; or
 (b) an entity whose *business is primarily and principally the supply (otherwise than by using a *motor vehicle) of water to entities for use in carrying on *businesses (except businesses of *mining operations) using rural land in Australia.