Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:1_25
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 36479–37072

25  Application of amendments
(1) The amendments of section 43‑145 of the Income Tax Assessment Act 1997 made by this Schedule apply to capital works begun after 7:30 pm, by legal time in the Australian Capital Territory, on 9 May 2023.
(2) The amendment of section 12‑450 in Schedule 1 to the Taxation Administration Act 1953 made by this Schedule applies to an amount:
 (a) that is referable to a payment of rental income made on or after 1 July 2024; or
 (b) that is, or is attributable, to a capital gain, or part of a capital gain, from a CGT event that happens on or after 1 July 2024.