Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 (126 of 2015)

Schedule 1   Consequential amendments

Part 1   Main amendments

Income Tax Assessment Act 1997

299   Subsection 293-115(6)

Repeal the subsection, substitute:

(6) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to a regulation made for the purposes of subsection (1).

(7) Despite subsection 12(3) (retrospective commencement of legislative instruments) of the Legislation Act 2003, a regulation made for the purposes of subsection (1) must not commence before 1 July 2012.