Income Tax Assessment Act 1997
For the purposes of using the ``log book'' method, you may nominate one * car as having replaced another car with effect from a day specified in the nomination. 28-130(2)
After the nomination takes effect, the replacement * car is treated as the original car, and the original car is treated as a different car. This means that you do not need to repeat for the replacement car the steps you have already taken for the original car under this Subdivision. 28-130(3)
You must record the nomination in writing before you lodge your * income tax return for the income year in which the nomination takes effect. However, the Commissioner may allow you to do it later. 28-130(4)
You must retain the nomination document until the end of the period for which you must retain the last log book that you began to keep for the original * car before the day of effect of the nomination. 28-130(5)
Section 28-150 (which is about retaining log books) applies to the nomination document in the same way as it applies to that last log book.
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