Document ID: chunk:federal_register_of_legislation:C2015A00162:clause:4_27
Version: federal_register_of_legislation:C2015A00162
Segment Type: clause
Provision Reference: sch 4 cl 27
Character Range: 36638–37487

27  Application of amendments
(1) Subdivision 396‑B in Schedule 1 to the Taxation Administration Act 1953 (as inserted by this Schedule) applies in relation to transactions entered into on or after:
 (a) if table item 3 or 4 in section 396‑55 in that Schedule (as inserted by this Schedule) describes the transaction—1 July 2016; or
 (b) otherwise—1 July 2017.
(2) However, subparagraphs 396‑55(a)(ii) and (b)(ii) in Schedule 1 to the Taxation Administration Act 1953 (as inserted by this Schedule) apply in relation to transactions entered into on or after:
 (a) if table item 3 or 4 in section 396‑55 in that Schedule (as inserted by this Schedule) describes the transaction—1 July 2016; or
 (b) otherwise—1 July 2020.

[Minister's second reading speech made in—
House of Representatives on 15 October 2015
Senate on 24 November 2015]

(155/15)