Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If your expense is small, and you have a small total of small expenses, you can make a record of the expenses instead of getting a document from the supplier.
(2) Each expense must be $10 or less, and the total of all your expenses that:
(a) are each $10 or less; and
(b) you incurred in the income year and wish to deduct; and
(c) you must get written evidence for under this Division;
must be $200 or less. These limits can be increased from time to time by regulations made under section 909 - 1.
(3) If the expense is not the decline in value of a * depreciating asset, you must get a document with the same information as required by section 900 - 115, except that you may create the document and record all the details yourself. You must do so as soon as possible after incurring the expense.
(4) If the expense is the decline in value of a * depreciating asset, you must, as soon as possible after the last day of the income year, record in a document the following:
(a) the nature of the property;
(b) the amount of the decline in value;
(c) who made the record;
(d) the day the record is made.
(5) A record must be in English.