The Australian Taxation Office has published draft Law Companion Ruling (LCR) 2021/D1 on Temporary Full Expensing. The deadline for comments is 23 July 2021. When finalized, the ruling will be effective both before and after its date of issue for those who rely on it in good faith.

---

What this draft Ruling is about

1. This draft Ruling is about provisions for temporary full expensing of …