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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances    View history reference

Subdivision 40-G - Capital expenditure of primary producers and other landholders    View history reference

Operative provisions

SECTION 40-640  

40-640  Meaning of approved management plan  

 View history reference ITAA 36
An approved management plan for *land is a plan that:


(a) shows the different classes within the land and the location of any fencing needed to separate any of the land classes to prevent land degradation; and


(b) describes the kind of fencing and how it will prevent land degradation; and


(c) has been prepared by, or approved in writing as a suitable plan for the land by:


(i) an officer of an *Australian government agency responsible for land conservation who has authority to do so; or

(ii) an individual who was at the time approved as a farm consultant under this Subdivision.


 



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