Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)

Schedule 3   Increasing small business entity turnover threshold for certain concessions

Part 1   Amendments

A New Tax System (Goods and Services Tax) Act 1999

1   After paragraph 123-7(1)(a)


(aa) the entity is an entity covered by subsection (1A) for the income year in which the time occurs; or