Document ID: chunk:federal_register_of_legislation:C2014A00133:clause:1_40
Version: federal_register_of_legislation:C2014A00133
Segment Type: clause
Provision Reference: sch 1 cl 40
Character Range: 24744–25452

40  Transitional provision—transfers between certain trusts
(1) This item applies if:
 (a) a roll‑over under Subdivision 126‑G of the Income Tax Assessment Act 1997 is chosen after the commencement of this Schedule; and
 (b) the transfer time (within the meaning of paragraph 126‑225(1)(a) of that Act) for the roll‑over happens during an income year ending before the commencement of this Schedule.
(2) Subsection 126‑260(1) of that Act applies to the trustee of the transferring trust as if the reference in that subsection to "within 3 months after the end of the transfer year" were a reference to "within 3 months after the time the roll‑over is chosen".

Income Tax (Transitional Provisions) Act 1997