Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:12_15
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 12 cl 15
Character Range: 710958–711478

15  Subsection 124ZZJ(5)
Repeal the subsection, substitute:

 (5) Expenditure is taken not to be establishment expenditure in respect of the establishment of a horticultural plant to the extent to which the expenditure:
 (a) is qualifying expenditure within the meaning of Division 10D of this Act; or
 (b) is part of a pool of construction expenditure within the meaning of Division 43 of the Income Tax Assessment Act 1997.

Note: Those Divisions deal with buildings, structural improvements and other capital works.