Stephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

I present a supplementary explanatory memorandum to the bill. I seek leave to move government amendments (1) and (2) together.

Leave granted.

I move government amendments (1) and (2) on sheet UG105 as circulated together.

(1) Clause 2, page 2 (at the end of the table), add:

(2) Page 6 (after line 25), at the end of the Bill, add:

Schedule 4 — $20,000 instant asset write-off for small business entities

Income Tax (Transitional Provisions) Act 1997

1 Section 328-180 (heading)

Omit "30 June 2024", substitute "30 June 2025".

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

Omit "30 June 2024", substitute "30 June 2025".

3 Paragraph 328-180(4)(d)

Omit "30 June 2024" (wherever occurring), substitute "30 June 2025".

4 Subparagraphs 328-180(5)(e)(ii) and (6)(e)(ii)

Omit "30 June 2024", substitute "30 June 2025".

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