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

10   Application

The amendment of section 40-125 of the Income Tax (Transitional Provisions) Act 1997 made by this Part applies in relation to assets you start to hold on or after 7.30 pm, by legal time in the Australian Capital Territory, on 6 October 2020.