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

Income Tax Assessment Act 1997

28   At the end of subsection 328-10(1)

Add:

Note 3: Some of these concessions are also available to medium businesses (for example, see subsection 328-285(2)).