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.
Table of sections
40-420 Low-value pools under Division 42 continue
40-430 Allocating assets to low-value pools
40-450 Software development pools