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

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”.