Income Tax Assessment Act 1997

CHAPTER 5 - ADMINISTRATION  

PART 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS  

Division 900 - Substantiation rules  

Subdivision 900-E - Written evidence  

Operative provisions

SECTION 900-125   Evidence of small expenses  

900-125(1)    
If your expense is small, and you have a small total of small expenses, you can make a record of the expenses instead of getting a document from the supplier.

900-125(2)    
Each expense must be $10 or less, and the total of all your expenses that:

(a) are each $10 or less; and

(b) you incurred in the income year and wish to deduct; and

(c) you must get written evidence for under this Division;

must be $200 or less. These limits can be increased from time to time by regulations made under section 909-1 .

900-125(3)    

If the expense is not the decline in value of a *depreciating asset, you must get a document with the same information as required by section 900-115 , except that you may create the document and record all the details yourself. You must do so as soon as possible after incurring the expense.

900-125(4)    

If the expense is the decline in value of a *depreciating asset, you must, as soon as possible after the last day of the income year, record in a document the following:

(a) the nature of the property;

(b) the amount of the decline in value;

(c) who made the record;

(d) the day the record is made.

900-125(5)    
A record must be in English.