Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 3 Rural water use
Income Tax Assessment Act 1997
19 Transitional provision - time for making choices
(1) This item applies if, apart from this item, a choice under subsection 59-65(2) of the Income Tax Assessment Act 1997 must be made on or before the day this Schedule commences.
(2) Despite paragraph 59-65(3)(b) of that Act, the choice must be made and given to the Commissioner:
(a) within the 2 year period starting at that commencement; or
(b) within such further time as the Commissioner allows.
Note: The requirements for making the choice must still be satisfied (see subsection 59-65(2) of that Act). This item does not change the income years referred to in that subsection.