The Taxation Laws Amendment Act 1992 (No. 35 of 1992), Royal Assent 25 May 1992.

The Taxation Laws Amendment Act of 1992 has changed the Australian tax system in regard to depreciation, rollovers, inter-corporate dividend rebates as well as income tax assessment. The main change relating to depreciation is in the shift of the responsibility for determining the effective life of depreciable assets from the government to the taxpayer.