Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

9   Consequential amendments relating to indexation

2   Consequential amendment of the Income Tax Assessment Act 1997

4   At the end of section 42-80

Add:

(3) The car depreciation limit for the 1997-98 financial year is $55,134.

(4) The car depreciation limit is indexed annually.

Note: Subdivision 960-M shows you how to index amounts.

(5) The Commissioner must publish before the beginning of each *financial year the *car depreciation limit for that year.