INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

SECTION 725-1   725-1   Application of Division 725  


Division 725 applies to a scheme entered into on or after 1 July 2002. It also applies to a scheme entered into on or after 27 June 2002, but only if:


(a) the decrease times for down interests of which entities are affected owners are all on or after 1 July 2002; and


(b) the increase times for up interests of which entities are affected owners are all on or after 1 July 2002.




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