Document ID: chunk:federal_register_of_legislation:C2004A01073:clause:2_25
Version: federal_register_of_legislation:C2004A01073
Segment Type: clause
Provision Reference: sch 2 cl 25
Character Range: 47644–48108

25  Subsection 995‑1(1) (note at the end of the definition of income year)
Repeal the note, substitute:

Note 1: The Commissioner can allow you to adopt an accounting period ending on a day other than 30 June. See section 18 of the Income Tax Assessment Act 1936.

Note 2: An accounting period ends, and a new accounting period starts, when a partnership becomes, or ceases to be, a VCLP, an AFOF or a VCMP. See section 18A of the Income Tax Assessment Act 1936.