Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)
Schedule 2 Backing business investment
Income Tax Assessment Act 1997
4 At the end of subsection 40-75(2) (after the notes)
Add:
Note 3: You must also adjust the formula if an accelerated decline in value applied to the asset under Subdivision 40-BA of the Income Tax (Transitional Provisions) Act 1997: see subsection 40-135(3) of that Act.
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