Legislation

ITAA 1997 s What this draft Ruling is about 1 Date of effect 8 Ruling 9 Part A - Eligible entities 14 Eligible entity test 15 Carrying on a business 17 Aggregated turnover 22 Alternative income test 25 Example 1 - costs of tangible depreciating assets for the purpose of the second condition 32 Part B - Eligible assets 36 Time of first holding and first use for a taxable purpose 37 Exclusions under section 40-150 of the IT(TP)A 40 Assets covered by section 40-45

ATO documents that consider ITAA 1997 s What this draft Ruling is about 1 Date of effect 8 Ruling 9 Part A - Eligible entities 14 Eligible entity test 15 Carrying on a business 17 Aggregated turnover 22 Alternative income test 25 Example 1 - costs of tangible depreciating assets for the purpose of the second condition 32 Part B - Eligible assets 36 Time of first holding and first use for a taxable purpose 37 Exclusions under section 40-150 of the IT(TP)A 40 Assets covered by section 40-45