Income Tax Assessment Act 1997
If you owned or leased a *car, you can deduct for the car ' s expenses an amount or amounts worked out using one of 2 methods.
For particular types of cars taken on hire you cannot use one of the 2 methods: see section 28-165 .
In certain circumstances the lessee of a luxury car is taken to be its owner (see subsection 242-15(2) ).
In certain circumstances (for example, under a hire purchase agreement) the notional buyer of property is taken to be its owner (see subsection 240-20(2) ).
You must use one of the 2 methods unless an exception applies. If you can ' t use either of the methods, you can ' t deduct anything for the *car expenses.