Document ID: chunk:federal_register_of_legislation:C2007A00079:clause:3_3
Version: federal_register_of_legislation:C2007A00079
Segment Type: clause
Provision Reference: sch 3 cl 3
Character Range: 31464–32284

3  Application

(1) The amendments made by this Schedule apply in relation to the 2005‑2006 income year and later income years.

(2) Despite subsection 115‑230(5) of the Income Tax Assessment Act 1997, a choice under subsection 115‑230(3) of that Act may be made no later than 2 years after the commencement of section 115‑230 (or a later time allowed by the Commissioner) if the choice is in respect of the 2005‑2006 income year.

(3) Despite subsection 115‑230(5) of the Income Tax Assessment Act 1997, a choice under subsection 115‑230(3) of that Act may be made no later than 2 years after the commencement of section 115‑230 (or a later time allowed by the Commissioner) if:
 (a) section 115‑230 commences after the end of the 2006‑2007 income year; and
 (b) the choice is in respect of the 2006‑2007 income year.