Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 2 Amendments relating to GST turnover thresholds
Part 3 Application and transitional
67 Application
(1) The amendments made by Part 1 of this Schedule, and items 68, 69 and 70 of this Part, apply in relation to net amounts for tax periods starting on or after 1 July 2007.
(2) The amendments made by items 61, 62 and 65 of Part 2 of this Schedule apply in relation to the 2007-08 income year and later income years.
(3) The amendments made by items 63, 64 and 66 of Part 2 of this Schedule apply in relation to the year starting on 1 July 2007 and later years.
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