Exercise 1:

What is the purpose of s40-880 ITAA97? What types of expenditure are expressly excluded from the operation of the provision? Provide some examples of expenditure that would fall within the provision.

Exercise 2: Discuss the difference between Consolidated Group and MEC.

Exercise 3: Discuss the concessionary capital allowance rules that apply to SBEs under Sub div 328-D ITAA97.