What the official record says
This Act is the Taxation (Budget Measures) Act . This Act comes into force on the day after the date on which it receives the Royal assent, except as provided in this section. come into force on 22 May 2025. come into force on 1 July 2025. come into force on 1 February 2026. come into force on 1 April 2026. come into force on 1 April 2028. This Part amends the Income Tax Act 2007. After section CC 14, insert: This section applies if a person that has deducted an amount for a new investment asset under (New investment asset deduction) subsequently changes the use of the asset such that the percentage of deductible use of the asset under subpart DA (General rules) would change, applying apportionment to the permissions and limitations applicable for . This section does not apply if, for the