Document ID: chunk:federal_register_of_legislation:C2020C00226:clause:1_19
Version: federal_register_of_legislation:C2020C00226
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 11105–11804

19  Application provision
The amendments made by this Schedule apply in relation to a transferring entity and a receiving entity if:
 (a) the condition in subsection 310‑10(3), 310‑15(3) or 310‑20(3) of the Income Tax Assessment Act 1997 for those entities is satisfied; and
 (b) all the transfer events (if any) referred to in subsection 310‑45(2) of that Act for those entities happen;
on or after 1 October 2011.
Note 1: The effect of paragraph (a) is that all of the members of the original fund will need to become members of a continuing fund during this period.
Note 2: The effect of paragraph (b) is that the transferring fund needs to cease to hold all relevant assets during this period.