Document ID: chunk:federal_register_of_legislation:C2018A00121:clause:2_2
Version: federal_register_of_legislation:C2018A00121
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 12622–13250

2  Application
(1) An inserted item applies in relation to a transaction unless:
 (a) the transaction happens before 1 July 2018; or
 (b) the transaction happens during an alternative reporting period that begins before 1 July 2018.
(2) In this item:
alternative reporting period, in relation to an inserted item, means a period specified for the inserted item under subparagraph (a)(ii) of the amended provision.
amended provision means section 396‑55 in Schedule 1 to the Taxation Administration Act 1953, as amended by item 1 of this Schedule.
inserted item means either item 11 or 12 of the table in the amended provision.