Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)

Schedule 3   Increasing small business entity turnover threshold for certain concessions

Part 1   Amendments

Taxation Administration Act 1953

37   Paragraph 45-130(1)(d) in Schedule 1

Repeal the paragraph, substitute:

(d) for the 2009-10 income year or a later income year - you are one of the following kinds of entity (an eligible business entity ):

(i) a *small business entity (other than because of subsection 328-110(4) of the Income Tax Assessment Act 1997);

(ii) an entity covered by subsection (1A) of this section.

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