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

60   Paragraph 328-253(4)(a)

Omit "a *low-cost asset", substitute "an asset of a kind mentioned in paragraph 328-180(1)(b)".