Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)
Application and transitional provisions
103Application of financial arrangement amendments (income years)
(1) Subject to subitem (2), the financial arrangement amendments apply to you for income years commencing on or after 1 July 2010.
(2) The financial arrangement amendments apply to you for income years commencing on or after 1 July 2009 if you elect to have this subitem apply to you.
Note: For a consolidated group, it is the head entity that would make the election.
(3) An election under subitem (2) must be made on or before the first lodgment date that occurs on or after the start of your first income year commencing on or after 1 July 2009.