Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 (10 of 2016)
Schedule 1 CGT treatment of earnout rights
Part 5 Amendments relating to foreign resident capital gains withholding payments
Taxation Administration Act 1953
43 Application of amendments
The amendments made by this Part, to the extent that they relate to acquisitions of a kind described in subsection 14-205(1) in Schedule 1 to the Taxation Administration Act 1953 (as inserted by this Part), apply in relation to acquisitions on or after the later of:
(a) 1 July 2016; and
(b) the commencement of this Part.
Note: For working out when a CGT asset is acquired, see Division 109 of the Income Tax Assessment Act 1997.