Tax Laws Amendment (2006 Measures No. 7) Act 2007 (55 of 2007)

Schedule 1   Small business relief for CGT events

Income Tax (Transitional Provisions) Act 1997

68   Application

(1) The amendments made by this Schedule (other than the amendment made by item 67) apply to CGT events happening in the 2006-07 income year or later income years.

(2) The amendment made by item 67 applies to CGT events that happened in the 2005-06 income year or an earlier income year.