Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)
Schedule 1 Foreign source income
Part 5 Application and transitional
120 Application of amendments - section 23AH of the Income Tax Assessment Act 1936
(1) The amendment of subsection 23AH(1) of the Income Tax Assessment Act 1936 made by this Schedule applies to foreign income derived on or after 1 July 1997.
(2) The amendments of subsections 23AH(6) and (7) of the Income Tax Assessment Act 1936 made by this Schedule apply to disposals of assets on or after 1 July 1997.
(3) The amendments of Part X of the Income Tax Assessment Act 1936 made by this Schedule, in so far as they are relevant to subsections 23AH(1) and (5) of that Act, apply to foreign income derived on or after 1 July 1997.
(4) The amendments of Part X of the Income Tax Assessment Act 1936 made by this Schedule, in so far as they are relevant to subsections 23AH(6) and (7) of that Act, apply to disposals of assets on or after 1 July 1997.
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