Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)

Schedule 6   Temporary loss relief for merging superannuation funds

Tax Laws Amendment (2009 Measures No. 6) Act 2010

6   Transitional provision - completion times and transfer events

For the purposes of subsection 310-45(3) of the Income Tax Assessment Act 1997, as in force just after the commencement of item 1 of Schedule 2 to the Tax Laws Amendment (2009 Measures No. 6) Act 2010:

(a) treat the completion time for a losses choice as occurring in the 2010-11 income year, if the completion time happens during the period:

(i) starting on 1 July 2010; and

(ii) ending on 30 September 2011; and

(b) treat a transfer event as happening in that income year for the transferring entity, if the transfer event happens during that period.