Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)

Schedule 11  

Part 3   Fringe Benefits Tax

Taxation Administration Act 1953

27   Application and transitional provisions

(1) The amendments made by this Part apply for the 2013-14 year of tax and later years of tax.

(2) However, those amendments apply to an entity for the 2014-15 year of tax and later years of tax if the entity is endorsed under subsection 123E(1) of the Fringe Benefits Tax Assessment Act 1986 immediately before the commencement of this Part.

(3) If:

(a) subitem (2) applies to an entity; and

(b) the entity’s endorsement mentioned in that subitem is in force at the end of the 2013-14 year of tax;

that endorsement has effect after the end of that year of tax as if it were an endorsement under subsection 123E(1) of that Act as amended by this Part.