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EL 11: Exclusion for property held by certain persons and entities
or “Certain big companies and government groups don't have to follow residential land rules”
You could also call this:

“Some residential land isn't subject to Section EL 4 if it's a mixed-use asset”

When you own residential land, there’s a rule that doesn’t apply in certain cases. This rule is called Section EL 4. It doesn’t apply to your residential land in a particular year if that land is what’s called a “mixed-use asset”. A mixed-use asset is something special defined in another part of the law called Section DG 3. So, if your residential land fits the description of a mixed-use asset, you don’t have to worry about Section EL 4 for that year.

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Next up: EL 13: Exclusion for property provided as employee accommodation

or “Rules for employee housing don't apply to some work-related accommodation”
Next

Part E Timing and quantifying rules
Allocation of deductions for excess residential land expenditure: Exclusions from rules

EL 12Exclusion for mixed-use assets

  1. Section EL 4 does not apply to residential land of a person for an income year when the land is an asset referred to in section DG 3 (Meaning of asset for this subpart).

Notes
  • Section EL 12: inserted (with effect on 1 April 2019), on , by section 62(1) (and see section 62(2) and (3) for application) of the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019 (2019 No 33).