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

5   At the end of subsection 328-210(1)

Add:

Note 2: This threshold is $20,000 for income years ending on or after 12 May 2015 and on or before 30 June 2017: see subsection 328-180(6) of the Income Tax (Transitional Provisions) Act 1997.