Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)
Schedule 1 Modernising the car expense deduction rules
Part 3 Application and transitional provisions
46 Transitional - initial rate of cents per kilometre
Treat the Commissioner as having determined, under subsection 28-25(4) of the Income Tax Assessment Act 1997 (as inserted by this Schedule), the rate of 66 cents per kilometre for all cars for the 2015-16 income year.
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