Taxation Laws Amendment Act (No. 2) 1996 (76 of 1996)
Schedule 1 Amendment of the Income Tax Assessment Act 1936: various measures
Part 4 Repeal of section 261
46 After paragraph 530(1)(c)
(ca) was included in the taxpayer's assessable income of the year of income that immediately preceded the year of income referred to in paragraph (b); or
(1) The amendment made by item 38 is taken to have applied to assessments in respect of income of the 1987-88 year of income and later years of income.
(2) The amendments made by items 39, 40, 41 and 42 apply to disposals of assets that occurred or occur after 2 April 1992.
(3) The amendment made by item 43 applies to assessments in respect of income of the 1996-97 year of income and later years of income.