Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

SECTION 725-1  

725-1   Application of Division 725  

Division 725 applies to a scheme entered into on or after 1 July 2002. It also applies to a scheme entered into on or after 27 June 2002, but only if:

(a) the decrease times for down interests of which entities are affected owners are all on or after 1 July 2002; and

(b) the increase times for up interests of which entities are affected owners are all on or after 1 July 2002.