S 14ZVA amended by No 23 of 2024, s 3 and Sch 2 item 143, by inserting para (aa), effective 1 July 2024. No 23 of 2024, s 3 and Sch 2 items 144
-
146 contain the following application provisions:
144 Application
(1)
Subject to this Part, the amendments made by Part 1 of this Schedule apply in relation to assessments for income years starting on or after 1 July 2023.
(2)
However, the amendments made by that Part to section
820-980
of the
Income Tax Assessment Act 1997
do not apply in relation to records mentioned in that section (disregarding those amendments) that relate to one or more income years starting before 1 July 2023.
(3)
Despite subitem (1), Subdivision
820-EAA
of the
Income Tax Assessment Act 1997
, as inserted by Part 1 of this Schedule, applies in relation to assessments for income years starting on or after 1 July 2024.
145 Transitional
-
choice
If:
(a)
before the commencement of this Part, an entity made a choice set out in item 1 of the table in subsection
820-430(1)
of the
Income Tax Assessment Act 1997
; and
(b)
immediately before that commencement, the choice had effect;
after that commencement, the choice continues to have effect as if it were a choice set out in that item as amended by Part 1.
146 Saving
-
old law continues to apply to Australian plantation forestry entities
(1)
Despite the amendments made by Part 1 of this Schedule, the old law continues to apply in relation to assessments for income years starting on or after 1 July 2023 for entities that are Australian plantation forestry entities for a period that is all or part of the income year, as if the amendments had not been made.
(2)
In this item:
Australian plantation forestry entity
, at a particular time, means an entity that solely or predominantly carries on a business, at that time, of establishing and tending trees for felling in Australia.
old law
means the following provisions, as in force immediately before the commencement of this item:
(a)
Division
820
of the
Income Tax Assessment Act 1997
;
(b)
any other provision of that Act to the extent that it relates to that Division;
(c)
any provision in an instrument (whether legislative or administrative) made under that Act to the extent that it relates to that Division.
S 14ZVA amended by No 81 of 2016, s 3 and Sch 1 items 11 and 12, by substituting
"
Income Tax Assessment Act 1997
; or
"
for
"
Income Tax Assessment Act 1997
;
"
in para (b) and inserting para (c), effective 1 January 2017 and applicable on and after 1 July 2017.
S 14ZVA substituted by No 170 of 2015, s 3 and Sch 1 item 5, effective 11 December 2015. S 14ZVA formerly read:
SECTION 14ZVA LIMITED OBJECTION RIGHTS BECAUSE OF OBJECTION AGAINST PRIVATE RULING
14ZVA
If there has been a taxation objection against a private ruling, then the right of objection under this Part against an assessment, or against a decision made under an indirect tax law or an excise law, relating to the matter ruled is limited to a right to object on grounds that neither were, nor could have been, grounds for the taxation objection against the ruling.
S 14ZVA amended by
No 74 of 2010
, s 3 and Sch 2 item 19, by substituting
"
under this Part against an assessment, or against a decision made under an indirect tax law or an excise law,
"
for
"
against an assessment
"
, effective 1 July 2010. For transitional provision, see note under definition of
"
private indirect tax ruling
"
in s
2(1)
.
S 14ZVA inserted by No 101 of 1992.
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