ITAA 1997 s 701-55(2)

Temporary full expensing

Consolidation - general shortcuts for resetting the tax cost under Division 705 of the Income Tax Assessment Act 1997 for depreciating assets for which the decline in value is worked out under Division 40 of that Act

Step 2 of entry: allocable cost amount - deferred tax liabilities

Consolidation: application of subsection 701-55(2) of the ITAA 1997 where no method to work out the decline in value applied before the joining time

Temporary full expensing