Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_78
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 78
Character Range: 206073–207085

78  Transitional—sections 20, 102AAX and 391 of the Income Tax Assessment Act 1936 and sections 103‑20 and 376‑60 of the Income Tax Assessment Act 1997

(1) Despite the repeals of sections 20, 102AAX and 391 of the Income Tax Assessment Act 1936 and sections 103‑20 and 376‑60 of the Income Tax Assessment Act 1997 by this Schedule, those sections continue to apply, in relation to a transaction, event or thing:
 (a) that involves an amount in a foreign currency; and
 (b) to which section 960‑50 of the Income Tax Assessment Act 1997 does not apply;
as if those repeals had not happened.

(2) Despite the following amendments:
 (a) the amendment of section 102AAW of the Income Tax Assessment Act 1936 by this Schedule;
 (b) the amendment of section 389 of the Income Tax Assessment Act 1936 by this Schedule;
sections 102AAW and 389 of the Income Tax Assessment Act 1936 continue to apply, in relation to the former section 20 of the Income Tax Assessment Act 1936, as if those amendments had not been made.