Income Tax Assessment Act 1997
View history note
Hide history noteThe new investment threshold for an income year (the relevant income year ) in relation to an asset means:
(a) $1000 if you are a *small business entity during any of the following income years:
(i) the income year in which occurs the *investment commitment time for any *recognised new investment amount for the asset in relation to the relevant income year;
(ii) the income year in which occurs the *first use time for any such amount;
(iii) the relevant income year; or
(b) otherwise - $10,000.
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