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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