Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)

Schedule 1   Modernising the car expense deduction rules

Part 3   Application and transitional provisions

46   Transitional - initial rate of cents per kilometre

Treat the Commissioner as having determined, under subsection 28-25(4) of the Income Tax Assessment Act 1997 (as inserted by this Schedule), the rate of 66 cents per kilometre for all cars for the 2015-16 income year.