Document ID: chunk:federal_register_of_legislation:C2020A00061:clause:4_2
Version: federal_register_of_legislation:C2020A00061
Segment Type: clause
Provision Reference: sch 4 cl 2
Character Range: 10818–11537

2  Paragraphs 40‑82(1)(a) to (d)
Repeal the paragraphs (not including the note), substitute:
 (a) you are an entity covered by subsection (4) (about medium sized businesses) for:
 (i) the current year; and
 (ii) the income year in which you started to hold the asset; and
 (b) you first acquired the asset:
 (i) at or after 7.30 pm, by legal time in the Australian Capital Territory, on 2 April 2019; and
 (ii) before 12 March 2020; and
 (c) the current year ends on or after 2 April 2019; and
 (d) you start to use the asset, or have it installed ready for use, for a taxable purpose before 12 March 2020; and
 (e) the asset is a depreciating asset whose *cost as at the end of the current year is less than $30,000.