Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Act 2013 (101 of 2013)

Schedule 2   Modernisation of transfer pricing rules

Part 3   Application

50   Application

The amendments made by Parts 1 and 2 of this Schedule (except item 2) apply:

(a) in respect of tax other than withholding tax - in relation to income years starting on or after the date mentioned in subsection 815-15(2) of the Income Tax (Transitional Provisions) Act 1997, as inserted by this Part; and

(b) in respect of withholding tax - in relation to income derived, or taken to be derived, in income years starting on or after that date.

Note: For the application of Subdivisions 815-B, 815-C and 815-D of the Income Tax Assessment Act 1997, as inserted by item 2, see Division 815 of the Income Tax (Transitional Provisions) Act 1997.