Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_34
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 34
Character Range: 28131–28892

34  After subsection 57‑25(6) in Schedule 2D
Insert:

 (6A) For the purposes of the application of subsection (5) to the transition taxpayer, a provision covered by item 7 or 8 of the table in subsection (6) is taken to have commenced at the start of the taxpayer's applicable commencement date (within the meaning of Division 775 of the Income Tax Assessment Act 1997).

Note: For applicable commencement date, see section 775‑155 of the Income Tax Assessment Act 1997.

 (6B) The rule in subsection (5) does not apply, and is taken never to have applied, to the transition taxpayer in relation to a provision covered by item 7 or 8 of the table in subsection (6) if the taxpayer makes an election under section 775‑150 of the Income Tax Assessment Act 1997.