Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_79
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 79
Character Range: 207085–209827

79  Transitional—sections 12‑15 and 425‑30 in Schedule 1 to the Taxation Administration Act 1953

 Despite the repeals of sections 12‑15 and 425‑30 in Schedule 1 to the Taxation Administration Act 1953 by this Schedule, those sections continue to apply, in relation to an amount:
 (a) that is 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.
Notes to the New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003

Note 1

The New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003 as shown in this compilation comprises Act No. 133, 2003 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts
Act                                                                            Number     Date          Date of commencement                Application, saving or transitional provisions
                                                                               and year   of Assent
New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003  133, 2003  17 Dec 2003   17 Dec 2003
Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009               15, 2009   26 Mar 2009   Schedule 1 (items 113, 114): (a)    Sch. 1 (item 114)
Tax Laws Amendment (2010 Measures No. 2) Act 2010                              75, 2010   28 June 2010  Schedule 6 (item 19): 29 June 2010  —

(a) Subsection 2(1) (item 3) of the Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 provides as follows:
 (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1                  Column 2                                                                                                                  Column 3
Provision(s)              Commencement                                                                                                              Date/Details
3.  Schedule 1, Part 4    Immediately after the commencement of the New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003.  17 December 2003

Table of Amendments
ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected                                                                                How affected
S. 4....................                                                                          rep. No. 75, 2010