Income Tax (Transitional Provisions) Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 842 - Exempt Australian source income and gains of foreign residents  

Subdivision 842-I - Investment manager regime  

SECTION 842-207   Application of replacement version of Subdivision 842-I  

842-207(1)    
The new Subdivision 842-I applies, or is taken to have applied, in relation to:

(a) the 2015-16 income year and later income years; and

(b) if an entity chooses to apply the new Subdivision 842-I in relation to the 2011-12, 2012-13, 2013-14 and 2014-15 income years - those income years.

842-207(2)    
In this section:

new Subdivision 842-I
means Subdivision 842-I (Investment Manager Regime) of the Income Tax Assessment Act 1997 , as substituted by Schedule 7 to the Tax and Superannuation Laws Amendment (2015 Measures No 1) Act 2015 .

Note:

The new Subdivision 842-I replaced a previous version of that Subdivision, which applied in relation to assessments for the 2010-11 income year and later income years (see item 17 of Schedule 1 to the Tax Laws Amendment (Investment Manager Regime) Act 2012 ).