Income Tax (Transitional Provisions) Act 1997
The new Subdivision 842-I applies, or is taken to have applied, in relation to:
(a) the 2015-16 income year and later income years; and
(b) if an entity chooses to apply the new Subdivision 842-I in relation to the 2011-12, 2012-13, 2013-14 and 2014-15 income years - those income years. 842-207(2)
In this section:
new Subdivision 842-I
means Subdivision 842-I (Investment Manager Regime) of the Income Tax Assessment Act 1997 , as substituted by Schedule 7 to the Tax and Superannuation Laws Amendment (2015 Measures No 1) Act 2015 .
The new Subdivision 842-I replaced a previous version of that Subdivision, which applied in relation to assessments for the 2010-11 income year and later income years (see item 17 of Schedule 1 to the Tax Laws Amendment (Investment Manager Regime) Act 2012 ).