Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015 (170 of 2015)

Schedule 3   Scheme penalties for significant global entities

Taxation Administration Act 1953

2   Application

The amendment made by this Schedule applies in relation to any scheme benefit that an entity gets in relation to an income year commencing on or after 1 July 2015, whether the scheme to which the scheme benefit relates was entered into, or commenced to be carried out, before, on or after the commencement of that income year.