Treasury Laws Amendment (2020 Measures No. 3) Act 2020 (61 of 2020)
Schedule 4 Extending the instant asset write-off
Income Tax Assessment Act 1997
14 At the end of paragraph 328-180(2)(b)
Add:
Note: Paragraph (b) may not apply for costs included after 31 December 2020 for assets you first acquire between 12 May 2015 and 31 December 2020: see subsection 328-180(5A) of the Income Tax (Transitional Provisions) Act 1997.
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