Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 3   Capital gains of testamentary trusts

Income Tax Assessment Act 1997

4   Amendment of assessments

Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:

(a) the assessment was made before the commencement of this item; and

(b) an application to amend the assessment is made, in the form approved for the purposes of subsection 170(5), within 2 years of the commencement of this item; and

(c) the amendment is made for the purpose of giving effect to a choice under subsection 115-230(3) of the Income Tax Assessment Act 1997.