Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)

Schedule 6   Location offset and producer offset for films

Part 2   Location offset conditions

Division 2   Application provisions

18   Application provision - training programs exemption

(1) Paragraphs 376-29(1)(a) and (b) of the Income Tax Assessment Act 1997, as inserted by this Part, apply in relation to the undertaking of training by an individual if the individual began to undertake the training on or after 1 July 2024.

(2) Paragraph 376-29(1)(c) of the Income Tax Assessment Act 1997, as inserted by this Part, applies in relation to expenditure incurred before, on or after 1 July 2024.

(3) Paragraphs 376-29(1)(d), (e) and (f) of the Income Tax Assessment Act 1997, as inserted by this Part, apply in relation to contributions made before, on or after 1 July 2024.