Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Act 2019 (Cth)

Treasury Laws Amendment (Increasing and Extending the Instant Asset Write‑Off) Act 2019

No. 51, 2019

An Act to amend the law relating to taxation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Increasing the instant asset write‑off for small business entities Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Schedule 2—Extending the instant asset write‑off to medium sized businesses Income Tax Assessment Act 1997

Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Act 2019 No. 51, 2019

An Act to amend the law relating to taxation, and for related purposes

[Assented to 6 April 2019]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write‑Off) Act 2019.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this Act The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 July 2019

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act. (2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.