Document ID: chunk:federal_register_of_legislation:C2024C00267:section:4:p4
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 4 (pt 4/64)
Character Range: 713855–716606

the revocation of the choice mentioned in that subsection takes place before 1 January 2006.

Subdivision 719‑I—Bad debts

Table of sections
719‑450 Application of Subdivision 719‑I of the Income Tax Assessment Act 1997

719‑450  Application of Subdivision 719‑I of the Income Tax Assessment Act 1997
  Subdivision 719‑I of the Income Tax Assessment Act 1997 applies on and after 1 July 2002.

Division 721—Liability for payment of tax where head company fails to pay on time

Table of Subdivisions
721‑A Application of Division

Subdivision 721‑A—Application of Division

Table of sections
721‑25 References in tax sharing agreements to former table item 25

721‑25  References in tax sharing agreements to former table item 25
 (1) A reference in an agreement to item 25 of the table in subsection 721‑10(2) of the Income Tax Assessment Act 1997 is taken, from the commencement of this section, to be a reference to item 3 of that table, if:
 (a) paragraph 721‑25(1)(a) of that Act applies to the agreement; and
 (b) the agreement was in force just before the commencement of this section.
 (2) This section applies in relation to tax to which Division 5 of the Income Tax Assessment Act 1997 applies.

Part 3‑95—Value shifting

Division 723—Direct value shifting by creating right over non‑depreciating asset

Table of sections
723‑1 Application of Division 723

723‑1  Application of Division 723
 (1) Division 723 applies to a realisation event happening on or after 1 July 2002 to a CGT asset that, at the time of the event:
 (a) is not a depreciating asset; or
 (b) is an item of trading stock; or
 (c) is a revenue asset.
 (2) Paragraph 723‑10(1)(b) or 723‑15(1)(b) applies to a right created on or after 1 July 2002.

Division 725—Direct value shifting affecting interests in companies and trusts

Table of sections
725‑1 Application of Division 725

725‑1  Application of Division 725
  Division 725 applies to a scheme entered into on or after 1 July 2002. It also applies to a scheme entered into on or after 27 June 2002, but only if:
 (a) the decrease times for down interests of which entities are affected owners are all on or after 1 July 2002; and
 (b) the increase times for up interests of which entities are affected owners are all on or after 1 July 2002.

Division 727—Indirect value shifting affecting interests in companies and trusts, and arising from non‑arm's length dealings

Table of sections
727‑1 Application of Division 727
727‑230 Transitional exclusion for certain indirect value shifts relating mainly to services
727‑470 Affected interests do not include equity or loan interests owned by entity that is eligible to be an STS taxpayer

727‑1  Application of Division 727
 (1) Division 727, as inserted by the