Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_3:p16
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 16/24)
Character Range: 450653–453380

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 replacement results from increasing the amount of electricity supplied to the land;
 (f) work to modify or replace equipment for use directly in connection with the supply of electricity through a mains electricity cable to the land, if the modification or replacement results from increasing the amount of electricity supplied to the land.

 (2) However, an operation described in subsection (1) done in the course of replacing or relocating mains electricity cable or equipment is connecting power to land or upgrading the connection only if done to increase the amount of electricity that can be supplied to a *metering point on the land.

 (3) A metering point on land is a point where consumption of electricity supplied to the land through a mains electricity cable is measured.

 (4) Operations described in subsection (1) are the only kinds of operations that can be connecting power to land or upgrading the connection.

Limits on deductions

387-365  Deduction denied if electricity not used as intended

 (1) You cannot deduct an amount under this Subdivision if, during the 12 months after electricity is first supplied to the land as a result of the expenditure, no electricity supplied as a result of the expenditure is used in carrying on a *business on the land for the *purpose of producing assessable income.

 (2) If you deducted an amount for any income year under this Subdivision for the expenditure, your assessment for that income year may be amended under section 170 of the Income Tax Assessment Act 1936 to disallow the deduction.

387‑370  Expenditure relating to mining cannot be deducted

  You cannot deduct an amount under this Subdivision for:
 (a) expenditure in providing water, light or power for use on, access to or communication with the site of *eligible mining operations; or
 (b) a contribution to the cost of providing water, light or power for one of those purposes.

Note: You may be able to