Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:3_9
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 3 cl 9
Character Range: 15066–15764

9  Transitional: choice

(1) This item applies to CGT events that happen no later than the end of the 2003‑04 income year.

(2) Subject to subitem (3), an entity can choose that Division 152 of the Income Tax Assessment Act 1997 apply to such a CGT event as if the amendments made by this Schedule had not been made.

(3) However, subsection 152‑30(6) inserted by item 4 of this Schedule applies to those CGT events.

(4) A choice under this item must be made by the latest of:
 (a) the day the entity lodges its income tax return for the income year in which the relevant CGT event happened; and
 (b) 12 months after the assent day; and
 (c) a later day allowed by the Commissioner of Taxation.