Income Tax Assessment Act 1997

Part 3-25 inserted by No 56 of 2010, s 3 and Sch 3 item 4, effective 3 June 2010.

Div 276 inserted by No 53 of 2016, s 3 and Sch 1 item 1, effective 5 May 2016. No 53 of 2016 (as amended by No 15 of 2019), s 3 and Sch 8 item 1 contains the following application provision:

1 Application provision  
(1)
The amendments apply to assessments for:

(a) unless paragraph (b) applies - the 2016-17 income year and later income years; or

(b) if the assessment is in respect of a trust, and the trustee of the trust has made a choice under subitem (5) - income years starting on or after 1 July 2015.

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History

S 1(1) amended by No 15 of 2019, s 3 and Sch 1 items 43 - 45, by omitting " income years starting on or after " after " to assessments for " , substituting " the 2016-17 income year and later income years " for " 1 July 2016 " in para (a) and inserting " income years starting on or after " in para (b), effective 1 April 2019 and applicable in relation to the 2016-17 income year and later income years.

…

(5)
The trustee of a trust may make a choice for the purposes of paragraph (1)(b) if the 2015-16 income year of the trust starts on or after 1 July 2015.

(6)
The choice cannot be revoked.

Subdiv 276-A inserted by No 53 of 2016, s 3 and Sch 1 item 1, effective 5 May 2016. For application provision, see note under Div 276 heading.

S 276-5 inserted by No 53 of 2016, s 3 and Sch 1 item 1, effective 5 May 2016. For application provision, see note under Div 276 heading.