LI 2023/23
This legislative instrument has been repealed by F2024L00697 Income Tax Assessment (Cents per Kilometre Deduction Rate for Car Expenses) Determination 2024
Income Tax Assessment Act 1997
Legislative Instrument
I, Ben Kelly, Deputy Commissioner of Taxation, make the following legislative determination.
1 Name
This instrument is the Income Tax Assessment (Cents per Kilometre Deduction Rate for Car Expenses) Determination 2023.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
| Commencement information | ||
| Column 1 | Column 2 | Column 3 |
| Provisions | Commencement | Date/Details |
| 1. The whole of this instrument | 1 July 2023 | 1 July 2023 |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under subsection 28-25(4) of the Income Tax Assessment Act 1997.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
5 Cents per kilometre rate
For the purposes of subsection 28-25(1) of the Income Tax Assessment Act 1997, the rate of cents per kilometre for cars for income years commencing on or after 1 July 2023 is 85 cents per kilometre.
Note: This instrument will apply to the income year commencing on 1 July 2023, and to any subsequent income years until such time as it is repealed or varied.
Schedule 1 - Repeals
Income Tax Assessment - Cents per Kilometre Deduction Rate for Car Expenses Determination 2022
1 The whole of the instrument
Repeal the instrument
30 May 2023
Ben Kelly
Deputy Commissioner of Taxation
Registration Number: F2023L00767
Registration Date: 13 June 2023
Related Explanatory Statements:
LI 2023/23 - Explanatory statement