Document ID: chunk:federal_register_of_legislation:C2016C01035:clause:2_124
Version: federal_register_of_legislation:C2016C01035
Segment Type: clause
Provision Reference: sch 2 cl 124
Character Range: 111318–112083

124  Transitional—information obtained under amended or repealed provisions before commencement
If:
 (a) before the commencement of this item, information was acquired by an entity under, or for the purposes of, a taxation law (within the meaning of the Income Tax Assessment Act 1997), other than as a taxation officer; and
 (b) the information is protected information within the meaning of section 355‑30 of Schedule 1 to the Taxation Administration Act 1953 (as inserted by item 1 of Schedule 1 to this Act);
then, after that commencement, the information is taken to be information acquired by the entity under an exception in Subdivision 355‑B or 355‑C in Schedule 1 to the Taxation Administration Act 1953 (as inserted by item 1 of Schedule 1 to this Act).