Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

Subdiv 124-O repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014.

Subdiv 124-O inserted by No 101 of 2004.

S 124-885 repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014. S 124-885 formerly read:

SECTION 124-885 Qualified licence roll-over (same owner)  
124-885
There is a roll-over if:

(a) you apply for an *Australian financial services licence during the period beginning on 11 March 2002 and ending on 10 March 2004; and

(b) at the time you make the application, you hold an Australian financial services licence to which section 1434 of the Corporations Act 2001 applies (the qualified licence ); and

(c) you are granted an Australian financial services licence as a result of the application (the new licence ); and

(d) if the new licence is granted on or before 10 March 2004 - the qualified licence is revoked as a result of the new licence being granted to you; and

(e) if the new licence is granted after 10 March 2004:

(i) the qualified licence ceases to have effect on 10 March 2004; and

(ii) if the new licence had been granted on or before 10 March 2004, the qualified licence would have been revoked as a result of the new licence being granted.

Note:

The period in paragraph (a) may be extended in special circumstances: see section 124-925 . If it is extended, the day in paragraphs (d) and (e) changes too.

S 124-885 inserted by No 101 of 2004.