Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 9   Non-resident trustee beneficiaries

Income Tax Rates Act 1986

34   Transitional provision - application of former subsection 768-605(4) and former section 768-615 of the Income Tax Assessment Act 1997

(1) Former subsection 768-605(4) of the Income Tax Assessment Act 1997 applies in relation to income years starting on or after 1 July 2006 as if the reference in that subsection to subsection 98A(1) were instead a reference to subsection 98A(1) or (3).

(2) Former section 768-615 of the Income Tax Assessment Act 1997 does not apply in relation to income years starting on or after 1 July 2006.