Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 1 25% entrepreneurs' tax offset
Taxation Administration Act 1953
The amendment made by item 12 applies in relation to the calculation of an entity's adjusted tax:
(a) for a base year that is the first income year starting on or after 1 July 2005 or is a later income year; and
(b) only for the purposes of a PAYG instalment period that includes, or starts after, the day on which this Act receives the Royal Assent.