Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 2   Private ancillary funds

Part 3   Transitional provisions

Division 2   Declared prescribed private funds

26   Transitional - prescribed private fund declarations

(1) The Minister may, by legislative instrument, declare a trust to be a prescribed private fund.

(2) Despite subsection 12(2) of theLegislative Instruments Act 2003, the declaration has effect during the period:

(a) starting at the time specified in the declaration, which must be before the commencement time; and

(b) ending just before the commencement time.