Tax Laws Amendment (Small Business Restructure Roll-over) Act 2016 (18 of 2016)

Schedule 1   Small business restructure roll-overs

Part 3   Application of amendments

8   Application of amendments

The amendments made by this Schedule apply to:

(a) the transfer of a depreciating asset if the balancing adjustment event arising from the transfer occurs on or after 1 July 2016; or

(b) the transfer of trading stock or a revenue asset if the transfer occurs on or after 1 July 2016; or

(c) the transfer of a CGT asset (other than a depreciating asset, trading stock or a revenue asset) if the CGT event arising from the transfer occurs on or after 1 July 2016.