Income Tax (Transitional Provisions) Act 1997
Part 3-90 of the Income Tax Assessment Act 1997 , as inserted by the New Business Tax System (Consolidation) Act (No. 1) 2002 and amended by:
(a) the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 ; and
(b) the New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 ; and
(c) the New Business Tax System (Consolidation and Other Measures) Act 2003 ; and
(d) the Taxation Laws Amendment Act (No. 6) 2003 ;
applies on and after 1 July 2002.
Section 713-50 of the Income Tax Assessment Act 1997 (about factors to consider in determining destination of distribution by non-fixed trust) applies for the purposes of this Part in the same way as it applies for the purposes of Part 3-90 of that Act.
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