Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024 (52 of 2024)

Schedule 1   $20,000 instant asset write-off for small business entities

Income Tax (Transitional Provisions) Act 1997

6   At the end of subsection 328-180(6)

Add:

; or (e) were a reference to $20,000, in relation to a deduction for an income year that ends:

(i) on or after 1 July 2023; and

(ii) on or before 30 June 2024.