Document ID: chunk:federal_register_of_legislation:C2020C00244:clause:2_11
Version: federal_register_of_legislation:C2020C00244
Segment Type: clause
Provision Reference: sch 2 cl 11
Character Range: 62900–64407

11  Application provision
(1) The amendments made by Parts 1 and 2 of this Schedule apply in relation to a transferring entity and a receiving entity if:
 (a) the condition in subsection 310‑10(3), 310‑15(3) or 310‑20(3) of the Income Tax Assessment Act 1997 (as amended by this Schedule) for those entities is satisfied; and
 (b) all the transfer events (if any) referred to in subsection 310‑45(2) of that Act for those entities happen;
during the period starting on 24 December 2008 and ending at the end of 30 June 2011, or on or after 1 October 2011.
Note 1: The effect of paragraph (1)(a) is that, subject to subitem (2), all of the members of the original fund will need to become members of a continuing fund during the period or on or after 1 October 2011.
Note 2: The effect of paragraph (1)(b) is that, subject to subitem (2), the transferring fund needs to cease to hold all relevant assets during the period or on or after 1 October 2011.
(2) The amendments also apply in relation to a transferring entity and a receiving entity if:
 (a) the condition in subsection 310‑10(3), 310‑15(3) or 310‑20(3) of the Income Tax Assessment Act 1997 (as amended by this Schedule) for those entities is satisfied during the period starting on 24 December 2008 and ending at the end of 30 September 2011; and
 (b) all the transfer events (if any) referred to in subsection 310‑45(2) of that Act for those entities happen during the period starting on 1 July 2010 and ending at the end of 30 September 2011.