Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)

Schedule 6  

Part 10   Small business participation percentage

Division 2   Discretionary trusts

Income Tax Assessment Act 1997

116   Application of amendments

(1) The amendments made by items 110 to 112 apply in relation to CGT events that happen in:

(a) the 2006-07 income year; and

(b) later income years.

(2) The amendments made by items 113 to 115 apply in relation to CGT events that happen on or after the commencement of this item.