Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p31
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 31/37)
Character Range: 468671–471134

record in the log book any journey made in the *car during the log book period in the course of producing your assessable income. If a journey is not recorded, the log book will indicate a lower *business use percentage than is actually the case.
 (2) A journey is recorded by making in the log book an entry specifying:
 (a) the day the journey began and the day it ended;
 (b) the *car's odometer readings at the start and end of the journey;
 (c) how many kilometres the car travelled on the journey;
 (d) why the journey was made.
The record must be made at the end of the journey or as soon as possible afterwards.
 (3) If 2 or more journeys in a row are made in the *car on the same day in the course of producing your assessable income, they can be recorded as a single journey.
 (4) The following must be entered in the log book:
 (a) when the log book period begins and ends;
 (b) the *car's odometer readings at the start and the end of the period;
 (c) the total number of kilometres that the car travelled during the period;
 (d) the number of kilometres that the car travelled, in the course of producing your assessable income, on journeys recorded in the log book;
 (e) the number of kilometres referred to in paragraph (d), expressed as a percentage of the total number referred to in paragraph (c).
Each of the entries must be made at or as soon as possible after the start or end of the period, as appropriate.
 (5) Each entry in the log book must be in English.

28‑130  Replacing one car with another
 (1) For the purposes of using the "log book" method, you may nominate one *car as having replaced another car with effect from a day specified in the nomination.
 (2) After the nomination takes effect, the replacement *car is treated as the original car, and the original car is treated as a different car. This means that you do not need to repeat for the replacement car the steps you have already taken for the original car under this Subdivision.
 (3) You must record the nomination in writing before you lodge your *income tax return for the income year in which the nomination takes effect. However, the Commissioner may allow you to do it later.
 (4) You must retain the nomination document until the end of the period for which you must retain the last log book that you began to keep for the original *car before the day of effect of the nomination.
 (5) Section 28‑150 (which is about retaining log books) applies to the nomination