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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 842.207

Application of replacement version of Subdivision 842-I

             (1)  The new Subdivision 842-I applies, or is taken to have applied, in relation to:

                     (a)  the 2015-16 income year and later income years; and

                     (b)  if an entity chooses to apply the new Subdivision 842-I in relation to the 2011-12, 2012-13, 2013-14 and 2014-15 income years--those income years.

             (2)  In this section:

new Subdivision 842-I means Subdivision 842-I (Investment Manager Regime) of the Income Tax Assessment Act 1997 , as substituted by Schedule 7 to the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 .

Note:          The new Subdivision 842-I replaced a previous version of that Subdivision, which applied in relation to assessments for the 2010-11 income year and later income years (see item 17 of Schedule 1 to the Tax Laws Amendment (Investment Manager Regime) Act 2012 ).



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