Tax Laws Amendment (Small Business Measures No. 2) Act 2015 (67 of 2015)

Schedule 1   Accelerated depreciation for small business entities

Part 1   Main amendments

Income Tax Assessment Act 1997

7   At the end of subsection 328-250(4)

Add:

Note: The threshold in subsection 328-180(1) is $20,000 (instead of $1,000) for assets acquired between 12 May 2015 and 30 June 2017: see subsection 328-180(4) of the Income Tax (Transitional Provisions) Act 1997.