Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_11
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 11942–12661

11  Transitional—group roll‑over disposals before 13 May 1997

(1) This item applies if a group roll‑over disposal (within the meaning of section 160ZZOA of the Income Tax Assessment Act 1936) happened at or before 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 1997 and during a particular statutory accounting period of an attributable taxpayer.

(2) In applying section 460A of that Act (as amended by this Schedule), the taxpayer may elect to disregard so much of any change to the attribution percentage of the taxpayer in relation to the relevant CFC as happened before the end of the statutory accounting period.

Part 2—Amendments based on new CGT law

Income Tax Assessment Act 1936