Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The main object of this Division is to offer eligible small businesses the choice of a new platform to deal with their tax. The platform is designed to benefit those businesses in one or more of these ways:
• reducing their tax;
• providing simpler rules for determining their income and deductions;
• providing simpler capital allowances and trading stock requirements;
• reducing their compliance costs.
(2) This Division also provides rules that are intended to prevent other businesses from taking advantage of those benefits.