Tax Laws Amendment (Resale Royalty Right for Visual Artists) Act 2009 (126 of 2009)

Schedule 1   Resale royalty right for visual artists

Income Tax Assessment Act 1997

9   Transitional - regulations

(1) Regulations:

(a) made for the purposes of paragraph (b) of the definition of copyright income in subsection 995-1(1) of the Income Tax Assessment Act 1997; and

(b) in force just before the commencement of this item;

have effect, from that commencement, as if they had been made for the purposes of paragraph 51-43(2)(b) of that Act, as substituted by this Schedule.

(2) Regulations:

(a) made for the purposes of subparagraph 51-43(2)(b)(ii) of the Income Tax Assessment Act 1997; and

(b) in force just before the commencement of this item;

have effect, from that commencement, as if they had been made for the purposes of subparagraph 51-43(2)(c)(ii) of that Act, as substituted by this Schedule.