Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)
Schedule 2 Backing business investment
Income Tax Assessment Act 1997
3 At the end of subsection 40-65(1) (after the notes)
Add:
Note 4: An accelerated decline in value applies to certain assets you start to hold between 12 March 2020 and 30 June 2021: see Subdivision 40-BA of the Income Tax (Transitional Provisions) Act 1997.
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