Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)

Schedule 1   Build to rent developments

Taxation Administration Act 1953

25   Application of amendments

(1) The amendments of section 43-145 of the Income Tax Assessment Act 1997 made by this Schedule apply to capital works begun after 7:30 pm, by legal time in the Australian Capital Territory, on 9 May 2023.

(2) The amendment of section 12-450 in Schedule 1 to the Taxation Administration Act 1953 made by this Schedule applies to an amount:

(a) that is referable to a payment of rental income made on or after 1 July 2024; or

(b) that is, or is attributable, to a capital gain, or part of a capital gain, from a CGT event that happens on or after 1 July 2024.