Tax and Superannuation Laws Amendment (2016 Measures No. 2) Regulation 2016 (F2016L00710)

Schedule 3   Exemption for defence operations

Income Tax Assessment (1936 Act) Regulation 2015

5   At the end of Part 9

Add:

24 Transitional - how certain new provisions of this instrument apply to existing eligible duty certificates

(1) This section applies to a certificate issued under paragraph 23AD(1)(a) of the Act that is in force immediately before the commencement of Schedule 3 to the Tax and Superannuation Laws Amendment (2016 Measures No. 2) Regulation 2016.

(2) For that certificate, items 4 and 5 of the table in subsection 6(3) of this instrument (as inserted by that Schedule) apply, on and after that commencement, as if:

(a) the areas in column 2 of each of those items; and

(b) the day in column 3 of each of those items;

were the same as they were in those items as in force immediately before that commencement.