Taxation Laws Amendment (Self Assessment) Act 1992 (101 of 1992)

SCHEDULE 4   FURTHER AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

*   Subsection 275(7)

Omit the subsection, substitute:

"(7) An agreement under subsection (1):

(a) must be in writing signed by or on behalf of the transferor and the transferee; and

(b) must be made on or before the date of lodgment of the return of income of the transferor for the transferor's year of income; and

(c) is irrevocable.".