Budget changes to depreciation

[depreciator]

Had a client on the phone this morning asking about these. I said I would put the changes into dollar terms.
We've had no ATO or AIQS notification about these, but I think they went through parliament last week. It was tucked away in Budget Paper # 2. When I spoke to the ATO on Friday, the person I spoke to was pretty vague.
As most of you would know, you can depreciate Assets (AKA Fixtures and Fittings) using either the Prime Cost or Diminishing Value Method.
The DV rate has been increased from 150% to 200% i.e. they depreciate more quickly. This would be to stimulate spending.
The changes apply to Assets bought on or after May 10 this year. To benefit from these new rates, you would have to exchange contracts on a property after this date.
Or you would have to buy Assets for an existing property on or after this date.
If you are using the Low Value Pool, this will only apply to Assets costing over $1,000.
So here are a couple of examples:

DV rate before changes 150% = 150/10

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Item            Cost/Value       Year 1      Year 2      Year 3 
Split System     $2500           $375        $318.75    $270.93 
Carpet           $3500           $525        $446.25    $379.31 


DV rate after changes 200% = 200/10

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Item            Cost/Value        Year 1      Year 2      Year 3 
Split System     $2500             $500        $400        $320 
Carpet           $3500             $700        $560        $448 


Scott