Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026 (58 of 2026)

Schedule 2   Modernising tax administration systems

Income Tax Assessment Act 1936

5   Transitional provisions

(1) Section 202DP of the Income Tax Assessment Act 1936, as substituted by this Schedule, applies in relation to a year of income of a trust starting on or after 1 July 2026.

(2) Section 202DP of the Income Tax Assessment Act 1936, as in force immediately before the commencement of this Schedule, continues to apply on and after that commencement to a quarter in relation to a trust if the quarter commences in a year of income of the trust starting before 1 July 2026.

(3) The amendments of section 202DR of the Income Tax Assessment Act 1936 made by this Schedule apply in relation to the giving of a notice to the trustee of a trust on or after the later of:

(a) the commencement of this Schedule; and

(b) the commencement of the first year of income of the trust to start on or after 1 July 2026.

(4) A notice in effect under section 202DR of the Income Tax Assessment Act 1936 immediately before the commencement of this Schedule continues in effect on and after that commencement.