Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 7 Temporary full expensing of depreciating assets
Part 2 Adjusting existing measures
Income Tax (Transitional Provisions) Act 1997
9 After subsection 40-125(7)
Insert:
(7A) The exception in subsection (7) also applies in relation to an asset if:
(a) the asset is a licence (including a sub-licence) relating to an intangible asset; and
(b) the exception in that subsection applies in relation to the intangible asset.
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