INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 [ARCHIVE]
Division 405 of the Income Tax Assessment Act 1997 applies for the purposes of assessments for the 1998-99 income year and later income years. 405-1(2)
It applies for the purposes of your assessment as if:
(a) for each income year earlier than the 1998-99 income year you had a taxable professional income equal to your eligible taxable income (if any) under Division 16A of Part III of the Income Tax Assessment Act 1936 for that earlier income year; and
(b) you had been an Australian resident for each income year before the 1998-99 income year for which you were a qualifying resident taxpayer under Division 16A of Part III of the Income Tax Assessment Act 1936 .
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