s 40-33
In forceDatacasting transmitter licences
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-BCore provisions
40-33 Datacasting transmitter licences
(1)
This section applies to you if you hold a datacasting transmitter licence at 1 July 2001.
(2)
Division 40 of the new Act applies to the licence on this basis:
(a)
its cost is your expenditure incurred in obtaining the licence; and
(b)
its opening adjustable value at 1 July 2001 is its cost; and
(c)
its effective life is 15 years less any period that has elapsed from the day the licence was issued until 1 July 2001; and
(d)
you must use the prime cost method.
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