Tax Laws Amendment (Small Business Restructure Roll-over) Act 2016 (18 of 2016)
Schedule 1 Small business restructure roll-overs
Part 3 Application of amendments
8 Application of amendments
The amendments made by this Schedule apply to:
(a) the transfer of a depreciating asset if the balancing adjustment event arising from the transfer occurs on or after 1 July 2016; or
(b) the transfer of trading stock or a revenue asset if the transfer occurs on or after 1 July 2016; or
(c) the transfer of a CGT asset (other than a depreciating asset, trading stock or a revenue asset) if the CGT event arising from the transfer occurs on or after 1 July 2016.
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