Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Act 2019 (51 of 2019)

Schedule 1   Increasing the instant asset write-off for small business entities

Income Tax Assessment Act 1997

2   Paragraph 328-180(2)(a) (note)

Repeal the note, substitute:

Note: This threshold is $20,000, $25,000 or $30,000 for costs included between 12 May 2015 and 30 June 2020: see subsection 328-180(5) of the Income Tax (Transitional Provisions) Act 1997.