Income Tax Assessment Act 1997

S 900-70(1) amended by No 162 of 2015, s 3 and Sch 1 items 38 and 39, by omitting " the " one-third of actual expenses " method or " before " the " log book " method " and " Subdivision 28-E tells you about the " one-third of actual expenses " method and " before " Subdivision 28-F " , applicable in relation to the 2015-16 income year and later income years.

S 900-70(2) repealed by No 162 of 2015, s 3 and Sch 1 item 40, applicable in relation to the 2015-16 income year and later income years. S 900-70(2) formerly read:

900-70(2)
If you are using the " one-third of actual expenses " method and your expense is for fuel or oil, you have a choice of either:

(a) getting written evidence of it under Subdivision 900-E ; or

(b) keeping odometer records for the period when you owned or leased the *car in the income year.

Subdivision 28-H tells you about odometer records.

Note:

In certain circumstances (for example, under a hire purchase agreement) the notional buyer of property is taken to be its owner (see subsection 240-20(2) ).

S 900-70(2)(b) amended by No 72 of 2001.