On 10 April 2019, Australia registered the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write Off) Act 2019 (Act No. 51 2019), which received royal assent (was enacted) on 6 April. The Act extends by 12 months to 30 June 2020 the period during which small business entities can access expanded accelerated depreciation rules (instant asset write-off) and increases the threshold below which amounts can be immediately deducted under the rules from AUD 20,000 to AUD 25,000 from 29 January 2019 and to AUD 30,000 from 2 April 2019. Further, from 2 April 2019, the instant-write off is...