Clause 93 relates to the enhanced capital cost allowance, or accelerated investment incentive deductions, available for zero-emission vehicles and the expansion of the types of vehicles that qualify.
As we discussed earlier, the capital cost allowance system is based on a number of capital cost allowance classes. Different types of assets are put in different classes, and each class has its own capital cost allowance deduction rate. This measure introduces a new capital cost allowance class, class 56, in respect to these new zero-emission vehicles.