Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:10_50
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 10 cl 50
Character Range: 152517–153151

50  Elections not yet acted on
(1) This item applies to you if:
 (a) you make a valid election under section 96‑5 or 96‑7 in Schedule 1 to the Taxation Administration Act 1953; and
 (b) in response to the election, the Commissioner does not issue a release authority under section 96‑10 or 96‑12 in that Schedule before 1 July 2018.
(2) The amendments made by this Part apply as if:
 (a) the election were a valid request made under section 131‑5 in that Schedule; and
 (b) the reference to this Subdivision in subsection 131‑10(2) in that Schedule included a reference to Division 96 in that Schedule (as in force on 30 June 2018).