Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)

Schedule 4   Third party reporting

Part 4   Application of amendments

27   Application of amendments

(1) Subdivision 396-B in Schedule 1 to the Taxation Administration Act 1953 (as inserted by this Schedule) applies in relation to transactions entered into on or after:

(a) if table item 3 or 4 in section 396-55 in that Schedule (as inserted by this Schedule) describes the transaction - 1 July 2016; or

(b) otherwise - 1 July 2017.

(2) However, subparagraphs 396-55(a)(ii) and (b)(ii) in Schedule 1 to the Taxation Administration Act 1953 (as inserted by this Schedule) apply in relation to transactions entered into on or after:

(a) if table item 3 or 4 in section 396-55 in that Schedule (as inserted by this Schedule) describes the transaction - 1 July 2016; or

(b) otherwise - 1 July 2020.