Document ID: chunk:federal_register_of_legislation:C2025C00014:section:94f
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 94F
Character Range: 621418–622111

94F  Change in composition of limited partnership—election that partnership not be treated as an eligible limited partnership
  An election referred to in paragraph 94D(1)(d) in relation to a limited partnership and in relation to a year of income has no effect unless:
 (a) the partnership passes the continuity of ownership test set out in section 94G; and
 (b) the election is made:
 (i) within 6 months after the end of the later of the following years of income:
 (A) the year of income to which the election relates;
 (B) the year of income in which the Taxation Laws Amendment Act (No. 6) 1992 received the Royal Assent; or
 (ii) within such further period as the Commissioner allows.