Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:10_2
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 10 cl 2
Character Range: 95237–95775

2  Basic rule about application of section 160AFE
(1) Section 160AFE of the Income Tax Assessment Act 1936 as amended by this Schedule applies in relation to a taxpayer for each of its:
 (a) income years starting after 30 June 2003; and
 (b) non‑membership periods (if any) under section 701‑30 of the Income Tax Assessment Act 1997 starting after 30 June 2003.
(2) This item does not apply in relation to a taxpayer to which item 3 applies.
Note: If you have a substituted accounting period, item 5 or 7 may apply instead of this item.