New International Tax Arrangements (Foreign-owned Branches and Other Measures) Act 2005 (64 of 2005)
Schedule 2 Amendments relating to CFCs
Income Tax Assessment Act 1997
11 Application
(1) The amendment made by item 5 applies:
(a) for the purposes of section 408A - to statutory accounting periods that begin on or after the day on which this Act receives the Royal Assent; and
(b) in any other case - to CGT events that occur on or after the first 1 July that occurs after the day on which this Act receives the Royal Assent.
(2) The amendments made by items 6, 7, 8 and 10 apply to things happening on or after 1 July 2004.
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