Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Act 2012 (23 of 2012)

Schedule 2   Increase to the small business instant asset write-off threshold

Part 1   Amendments contingent on the Minerals Resource Rent Tax

Income Tax Assessment Act 1997

15   Subsection 328-185(2)

Repeal the subsection, substitute:

(2) There is a general small business pool to which *depreciating assets are allocated.