Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Act 2012 (23 of 2012)

Schedule 3   Small business entities' deductions for motor vehicles

Income Tax Assessment Act 1997

1   After subsection 328-190(2)

Insert:

(2A) Subsection (2) does not apply to a *depreciating asset that is a *motor vehicle if section 328-237 applies to the asset for the income year.