Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Act 2019 (51 of 2019)

Schedule 1   Increasing the instant asset write-off for small business entities

Income Tax Assessment Act 1997

1   Paragraph 328-180(1)(b) (note)

Repeal the note, substitute:

Note: This threshold may be $20,000, $25,000 or $30,000 for assets you first acquire between 12 May 2015 and 30 June 2020: see subsection 328-180(4) of the Income Tax (Transitional Provisions) Act 1997.

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