Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 10   Administrative streamlining

Part 1   Release authority harmonisation

Division 3   Application of amendments

51   Requests made after 1 July 2018 within a period that started before that day

(1) This item applies to you if:

(a) you could have made a valid election under section 96-5 or 96-7 in Schedule 1 to the Taxation Administration Act 1953; and

(b) you did not give the election to the Commissioner before 1 July 2018; and

(c) as on 30 June 2018, the period for giving the election to the Commissioner under that section was to end after that day.

(2) The amendments made by this Part apply as if:

(a) section 131-5 in that Schedule permitted you to make a request that is the same in substance as the election you could have made; and

(b) the period under that section for giving the request to the Commissioner were 60 days starting on the same day that the period referred to in paragraph (1)(c) of this item started; and

(c) the reference to this Subdivision in subsection 131-10(2) in that Schedule included a reference to Division 96 in that Schedule (as in force on 30 June 2018).