Supplementary Explanatory Memorandum
Chapter 5 Request for amendment Payments of instalments by companies and certain trustees
5.1 Clause 48 of the Bill provides that Division 6 of that Bill will apply from the 1994-95 year of income [Request for amendment 2] .
5.2 As mentioned at paragraph 8.6 of the Explanatory Memorandum to the Bill, the grouping rules, contained in Division 6, should only apply from the 1995-96 year of income. This amendment to the Bill ensures that the grouping rules will only apply from the 1995-96 years of income.