Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 3   Gifts and covenants

Income Tax Assessment Act 1997

72   Transitional - Division 30 of the Income Tax Assessment Act 1997

 

(1) Despite the amendments made by this Schedule, Division 30 of the Income Tax Assessment Act 1997 continues to apply, in relation to gifts made before 1 July 2003, as if those amendments had not been made.

      

(2) Despite the amendments made by this Schedule, Subdivision 30DE of the Income Tax Assessment Act 1997 continues to apply, in relation to covenants entered into under Division 31 of that Act before 1 July 2003, as if those amendments had not been made.