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Title

Schedule 6—Extension of temporary full expensing of depreciating assets

Database

Bills & Legislation

Long Title

a Bill for an Act to amend the law relating to superannuation and taxation, and for related purposes

Date

27-10-2021 09:32 AM

Source

House of Reps

Parl No.

46

Bill Number

138/21

Bill Type

Government

Portfolio

Treasury

Reps Bill Code

T

Status

Act

System Id

legislation/bills/r6800_first-reps/0006


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Schedule 6—Extension of temporary full expensing of depreciating assets

Schedule 6 — Extension of temporary full expensing of depreciating assets

   

Income Tax (Transitional Provisions) Act 1997

1  Subsection 40-150(1)

Omit “30 June 2022”, substitute “30 June 2023”.

2  Paragraphs 40-160(3)(a) and (b)

Omit “30 June 2022”, substitute “30 June 2023”.

3  Paragraph 40-175(b)

Omit “30 June 2022”, substitute “30 June 2023”.

4  Section 328-180 (heading)

Omit “ 31 December 2020 ”, substitute “ 30 June 2023 ”.

5  Subsection 328-180(1) (paragraph (b) of the definition of increased access year )

Omit “30 June 2022”, substitute “30 June 2023”.

6  Section 328-181 (heading)

Omit “ 30 June 2022 ”, substitute “ 30 June 2023 ”.

7  Subsection 328-181(2)

Omit “30 June 2022”, substitute “30 June 2023”.

8  Subsection 328-181(3)

Omit “30 June 2022”, substitute “30 June 2023”.

9  Paragraph 328-181(5)(b)

Omit “30 June 2022”, substitute “30 June 2023”.