Tax Laws Amendment (2010 Measures No. 3) Act 2010 (90 of 2010)

Schedule 5   Managed investment trusts

Taxation Administration Act 1953

6   Application provision

(1) Subject to this item, the amendments made by this Schedule apply to fund payments made in relation to the first income year starting on or after the first 1 July after the day on which this Act receives the Royal Assent and later income years.

(2) Subject to items 7 and 8, the amendments made by this Schedule apply in relation to Division 275 of the Income Tax Assessment Act 1997 in the same way as the amendments made by Schedule 3 to the Tax Laws Amendment (2010 Measures No. 1) Act 2010 apply in relation to that Division.

(3) Subject to items 7 and 8, the amendments made by this Schedule apply in relation to Subdivision 126-G of the Income Tax Assessment Act 1997 in relation to CGT events happening on or after 1 November 2008.