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

4   Subsection 328-210(1) (note 2)

Repeal the note, substitute:

Note 2: This threshold is $20,000, $25,000 or $30,000 for income years ending on or after 12 May 2015 and on or before 30 June 2020: see subsection 328-180(6) of the Income Tax (Transitional Provisions) Act 1997.