The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 amends the tax law to grant a further extension to the period during which small business entities can access the immediate deduction for depreciating assets, amounts included in the second element of a depreciating asset’s cost and general small business pools, where the amount is less than $20,000.

The Bill extends the expanded accelerated depreciation rules (by 12 months) to 30 June 2019.