Document ID: chunk:federal_register_of_legislation:C2013C00581:clause:1_27
Version: federal_register_of_legislation:C2013C00581
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 40116–41191

27  At the end of Part 3‑10
Add:

Division 253—Financial claims scheme for account‑holders with insolvent ADIs

Table of Subdivisions
253‑A Tax treatment of entitlements under financial claims scheme

Subdivision 253‑A—Tax treatment of entitlements under financial claims scheme

Table of sections
253‑5 Application of section 253‑5 of the Income Tax Assessment Act 1997
253‑10 Application of sections 253‑10 and 253‑15 of the Income Tax Assessment Act 1997

253‑5  Application of section 253‑5 of the Income Tax Assessment Act 1997
  Section 253‑5 of the Income Tax Assessment Act 1997 applies to amounts paid or applied before, on or after the commencement of that section to meet entitlements arising under Division 2AA of Part II of the Banking Act 1959 after 17 October 2008.
Note: Division 2AA of Part II of the Banking Act 1959 commenced on 18 October 2008.

253‑10  Application of sections 253‑10 and 253‑15 of the Income Tax Assessment Act 1997
  Sections 253‑10 and 253‑15 of the Income Tax Assessment Act 1997 apply to CGT events happening after 17 October 2008.