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.
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