Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)
Schedule 1 Enhancing the instant asset write-off
Income Tax (Transitional Provisions) Act 1997
17 At the end of subsection 328-180(4)
Add:
; or (d) were a reference to $150,000, if you first acquired the asset at or after the 2015 budget time, and you:
(i) first used the asset, for a taxable purpose, at or after the 2020 announcement time and on or before 30 June 2020; or
(ii) first installed the asset ready for use, for a taxable purpose, at or after the 2020 announcement time and on or before 30 June 2020.
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