Tax Laws Amendment (Small Business Measures No. 2) Act 2015 (67 of 2015)

Schedule 1   Accelerated depreciation for small business entities

Part 1   Main amendments

Income Tax Assessment Act 1997

3   At the end of paragraphs 328-180(2)(a) and (3)(a)

Add:

Note: This threshold is $20,000 for costs included between 12 May 2015 and 30 June 2017: see subsection 328-180(5) of the Income Tax (Transitional Provisions) Act 1997.