sec.223DValuable non-current assets

### sec.223D Valuable non-current assets A valuable non-current asset is— land; or another non-current asset that has an apparent value of at least the limit set for the asset by a local government. The limit set by a local government under subsection (1) (b) for a non-current asset must not be more than the maximum amount for the asset under subsection (3) . The maximum amount for a non-current asset is— for a non-current asset disposed of before 1 July 2026— for plant or equipment—$7,000, exclusive of GST; or for another type of non-current asset—$14,000, exclusive of GST; or for a non-current asset disposed of on or after 1 July 2026—the maximum amount for the asset as adjusted and rounded under section 223E . See section 223E (5) in relation to publication on the department’s website of the maximum amount for valuable non-current assets. s 223D ins 2025 SL No. 161 s 22 (sec.223D-ssec.1) A valuable non-current asset is— land; or another non-current asset that has an apparent value of at least the limit set for the asset by a local government. (sec.223D-ssec.2) The limit set by a local government under subsection (1) (b) for a non-current asset must not be more than the maximum amount for the asset under subsection (3) . (sec.223D-ssec.3) The maximum amount for a non-current asset is— for a non-current asset disposed of before 1 July 2026— for plant or equipment—$7,000, exclusive of GST; or for another type of non-current asset—$14,000, exclusive of GST; or for a non-current asset disposed of on or after 1 July 2026—the maximum amount for the asset as adjusted and rounded under section 223E . See section 223E (5) in relation to publication on the department’s website of the maximum amount for valuable non-current assets. - (a) land; or - (b) another non-current asset that has an apparent value of at least the limit set for the asset by a local government. - (a) for a non-current asset disposed of before 1 July 2026— (i) for plant or equipment—$7,000, exclusive of GST; or (ii) for another type of non-current asset—$14,000, exclusive of GST; or - (i) for plant or equipment—$7,000, exclusive of GST; or - (ii) for another type of non-current asset—$14,000, exclusive of GST; or - (b) for a non-current asset disposed of on or after 1 July 2026—the maximum amount for the asset as adjusted and rounded under section 223E . Note— See section 223E (5) in relation to publication on the department’s website of the maximum amount for valuable non-current assets. - (i) for plant or equipment—$7,000, exclusive of GST; or - (ii) for another type of non-current asset—$14,000, exclusive of GST; or