Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 7 Temporary full expensing of depreciating assets
Part 3 Consequential amendments
Income Tax Assessment Act 1997
25 Paragraph 705-45(2)(b)
Repeal the paragraph, substitute:
(b) any of the following has applied before the joining entity became a *subsidiary member for the purposes of working out the asset's decline in value under Division 40:
(i) section 40-82;
(ii) Subdivision 40-BA of the Income Tax (Transitional Provisions) Act 1997;
(iii) Subdivision 40-BB of that Act; and