Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 842.207

  (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 ).