s 40-365
In forceInvoluntary disposals
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-DBalancing adjustments
40-365 Involuntary disposals
Section 40‑365 of the new Act applies to a case where:
(a)
a balancing adjustment event occurred for plant in the circumstances mentioned in subsection 42‑293(2) of the former Act before 1 July 2001; and
(b)
you start to hold a replacement asset or assets after that day; and
(c)
the conditions in subsections 40‑365(3) and (4) of the new Act are satisfied.
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