Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedules............................................................................................ 2

Schedule 1--Tax discount for unincorporated small businesses              3

Part 1--Main amendments                                                                                         3

Income Tax Assessment Act 1997                                                                              3

Part 2--Other amendments                                                                                        7

Income Tax Assessment Act 1997                                                                              7

Part 3--Application of amendments                                                                     8

Schedule 2--Immediate deductibility for small business start-up expenses           9

Income Tax Assessment Act 1997                                                                              9

Schedule 3--FBT and portable electronic devices                                           11

Fringe Benefits Tax Assessment Act 1986                                                             11

 

 

 

Tax Laws Amendment (Small Business Measures No. 3) Act 2015

No. 114, 2015

 

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

[Assented to 26 August 2015]

The Parliament of Australia enacts:

[Minister's second reading speech made in--

House of Representatives on 24 June 2015

Senate on 13 August 2015]