Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
2 Commencement
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provisions |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
5 May 2016 |
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2. Schedule 1 |
The later of: (a) the day this Act receives the Royal Assent; and (b) 1 July 2016. |
1 July 2016 (paragraph (b) applies) |
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3. Schedule 2, Parts 1 to 8 |
At the same time as the provisions covered by table item 2. |
1 July 2016 |
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4. Schedule 2, item 73 |
The later of: (a) the same time as the provisions covered by table item 2; and (b) immediately after the commencement of Schedule 4 to the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016. However, this item does not commence at all if the event mentioned in paragraph (b) does not occur. |
1 July 2016 (paragraph (a) applies) |
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5. Schedule 2, item 74 |
At the same time as the provisions covered by table item 2. |
1 July 2016 |
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6. Schedule 2, item 75 |
At the same time as the provisions covered by table item 2. However, this item does not commence at all if the provisions covered by table item 2 do not commence before the commencement of Schedule 4 to the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016. |
Never commenced |
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7. Schedule 2, item 76 |
The later of: (a) the day this Act receives the Royal Assent; and (b) 1 July 2016. |
1 July 2016 (paragraph (b) applies) |
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8. Schedule 2, Part 10 |
At the same time as the provisions covered by table item 2. |
1 July 2016 |
Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.