sec.39Prescribed business activities— Act , s 47

### sec.39 Prescribed business activities— Act , s 47 A business activity is prescribed for section 47 (7) of the Act for a financial year if the amount of current expenditure for the business activity for the previous financial year is $340,000 or more. The amount of current expenditure for a business activity for a financial year is the total of the following amounts spent in conducting the activity for the year— operational costs; administrative and overhead costs; cost of resources; depreciation. s 39 amd 2013 SL No. 273 s 20 ; 2014 SL No. 290 s 19 ; 2015 SL No. 173 s 11 ; 2016 SL No. 217 s 7 ; 2019 SL No. 39 s 11 (sec.39-ssec.1) A business activity is prescribed for section 47 (7) of the Act for a financial year if the amount of current expenditure for the business activity for the previous financial year is $340,000 or more. (sec.39-ssec.2) The amount of current expenditure for a business activity for a financial year is the total of the following amounts spent in conducting the activity for the year— operational costs; administrative and overhead costs; cost of resources; depreciation. - (a) operational costs; - (b) administrative and overhead costs; - (c) cost of resources; - (d) depreciation.