Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 1   CGT adjustments

Part 4   Application of amendments

84   Application of amendments - Subdivision 115-C

(1) Subject to subitem (2), the amendments of Subdivision 115-C of the Income Tax Assessment Act 1997 made by Part 1 of this Schedule apply in relation to assessments for the income year that includes 1 July 2027 and for later income years.

(2) Section 115-235 of the Income Tax Assessment Act 1997, as inserted by Part 1 of this Schedule, applies in relation to the income year that includes 1 July 2027 and later income years.

(3) Subdivision 115-CA of the Income Tax Assessment Act 1997, as inserted by Part 1 of this Schedule, applies in relation to assessments for the income year that includes 1 July 2027 and for later income years.