Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)

Schedule 1   Foreign source income

Part 5   Application and transitional

127   Transitional - when regulations may take effect

 

(1) If the first regulations made for the purposes of a provision of the Income Tax Assessment Act 1936 inserted by this Schedule are made before the commencement of the Legislative Instruments Act 1997, those regulations may be expressed:

(a) to have been in effect at all relevant times before the date of notification of the regulations; or

(b) to apply in relation to a period any part of which occurred before the date of notification of the regulations; or

(c) to take effect from:

(i) a specified date; or

(ii) a specified time on a specified date;

before the date of notification of the regulations.

      

(2) Subitem (1) has effect despite anything in the Acts Interpretation Act 1901.

      

(3) If the first regulations made for the purposes of a provision of the Income Tax Act Assessment 1936 inserted by this Schedule are made after the commencement of the Legislative Instruments Act 1997, those regulations may be expressed:

(a) to have been in effect at all relevant times before the day on which the regulations were entered in the Federal Register of Legislative Instruments; or

(b) to apply in relation to a period any part of which occurred before the day on which the regulations were entered in the Federal Register of Legislative Instruments; or

(c) to take effect from:

(i) a specified date; or

(ii) a specified time on a specified date;

before the day on which the regulations were entered in the Federal Register of Legislative Instruments.

      

(4) Subitem (3) has effect despite anything in the Legislative Instruments Act 1997.