Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 5 Enhancing the integrity of the R&D Tax Incentive
Part 3 Application of amendments
56 Application of amendments
(1) The amendments made by Part 1 of this Schedule apply on or after 1 July 2021 in connection with a scheme, whether or not the scheme was entered into, or was commenced to be carried out, before that day.
(2) Despite subitem (1), the amendments made by Part 1 of this Schedule do not apply in relation to tax benefits that a taxpayer derives before that day.
(3) The amendments made by Part 2 of this Schedule apply in relation to assessments for income years commencing on or after 1 July 2021.
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