Tax Laws Amendment (Foreign Source Income Deferral) Act (No. 1) 2010 (114 of 2010)

Schedule 1   Repeal of the FIF and deemed present entitlement rules

Part 3   Application and saving provisions

93   Application of Part 1 amendments

(1) The amendments made by items 2 to 7, 9, 37, 39, 47 to 49, 51, 54 to 56, 59 to 80, and 82 to 87 of this Schedule apply in relation to the 2010-11 year of income for a taxpayer and later years of income.

(2) The amendments made by items 10 to 13 of this Schedule apply in relation to the 2010-11 year of income for a trust estate and later years of income.

(3) The amendments made by items 14 to 36 of this Schedule apply in relation to statutory accounting periods ending in the 2010-11 year of income and later years of income.