Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)

Schedule 1   Modernising the car expense deduction rules

Part 2   Other amendments

Income Tax Assessment Act 1997

26   Section 28-15

Repeal the section, substitute:

28-15 Choosing between the 2 methods

(1) Below is a diagram giving information about the 2 methods of calculating car expense deductions.

(2) The 2 methods give you the choice of which method best suits your situation and needs. For instance, one method may involve more paperwork than the other, but could give you bigger deductions.


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