Tax Laws Amendment (2009 Budget Measures No. 2) Act 2009 (133 of 2009)

Schedule 1   Employee share schemes

Part 3   Application provisions

Income Tax (Transitional Provisions) Act 1997

87   Transitional - regulations

Despite subsection 12(2) of the Legislative Instruments Act 2003, regulations that:

(a) are made for the purposes of Division 83A of the Income Tax Assessment Act 1997, added by this Schedule; or

(b) are made for the purposes of a taxation law (within the meaning of that Act) and relate to the amendments made by this Schedule;

may take effect from any time on or after 1 July 2009, if the regulations are made before the end of the period of 3 months commencing on the day this Schedule commences.