Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 (10 of 2016)
Schedule 1 CGT treatment of earnout rights
Part 4 Application and transitional provisions
39 Transitional - protection for anticipating announcement
(1) Section 170B of the Income Tax Assessment Act 1936 also applies as if the following additional announcement were listed in the table in subsection (8) of that section:
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Budget Paper No. 2, Budget Measures 2010-11, Part 1, topic headed "Capital gains tax - look-through treatment for earnout arrangements". |
11 May 2010 |
(2) Subsection 170B(3) and paragraph 170B(8)(b) of that Act also apply in relation to that announcement as if references in those provisions to 14 December 2013 were references to 23 April 2015.