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

Schedule 7   Temporary full expensing of depreciating assets

Part 2   Adjusting existing measures

Income Tax (Transitional Provisions) Act 1997

9   After subsection 40-125(7)


(7A) The exception in subsection (7) also applies in relation to an asset if:

(a) the asset is a licence (including a sub-licence) relating to an intangible asset; and

(b) the exception in that subsection applies in relation to the intangible asset.