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
4 Paragraphs 40-82(3)(a) and (b)
Repeal the paragraphs, substitute:
(a) you are an entity covered by subsection (4) (about medium sized businesses) for the later year; and
(aa) the amount is included before 12 March 2020; and
(b) the amount included is less than $30,000; and
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