Document ID: chunk:federal_register_of_legislation:C2013A00119:clause:1_20
Version: federal_register_of_legislation:C2013A00119
Segment Type: clause
Provision Reference: sch 1 cl 20
Character Range: 11340–12372

20  Application of amendments
(1) The amendments made by this Part apply:
 (a) to the extent the amendments affect the A New Tax System (Wine Equalisation Tax) Act 1999—in relation to financial years commencing on or after the commencement of this item; and
 (b) to the extent the amendments affect Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997 (about capital gains and losses)—in relation to CGT events happening on or after the commencement of this item; and
 (c) otherwise—in relation to income years commencing on or after the commencement of this item.
(2) An entity may choose to have the amendments also apply, in relation to the entity:
 (a) to the extent the amendments affect Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997—in relation to CGT events happening during the 2008‑09 income year and later income years; and
 (b) other than to the extent the amendments affect those Parts or the A New Tax System (Wine Equalisation Tax) Act 1999—in relation to the 2008‑09 income year and later income years.