INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2A  

Calculating car expense deductions

TABLE OF DIVISIONS

1	Overview of the main points in this Schedule
2	Choosing which method to use
3	The ``cents per kilometre'' method
4	The ``12% of original value'' method
5	The ``one-third of actual expenses'' method
6	The ``log book'' method
7	Keeping a log book
8	Odometer records for a period
9	Retaining the log book and odometer records
10	Situations where you don't need to use one of the 4 methods
11	Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''

Division 9 - Retaining the log book and odometer records  

SECTION 9-1   THE KEY PRINCIPLE  

You must retain a log book and odometer records for a period that ends 5 years after a day determined under this Division. In the case of a log book, the 5 years do not start until after the latest income year for which you rely on the log book to support your calculation of the business use percentage for the car.

9-2 Retaining the log book for the retention period

9-3 Retaining odometer records