Document ID: chunk:federal_register_of_legislation:C2012A00026:clause:1_48
Version: federal_register_of_legislation:C2012A00026
Segment Type: clause
Provision Reference: sch 1 cl 48
Character Range: 35743–36240

48  Application
(1) The amendments made by this Schedule apply in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012.
(2) To avoid doubt, a choice under section 61‑215 of the Income Tax Assessment Act 1997, as substituted by this Schedule, does not have effect for a premium, or an amount in respect of a premium, paid before 1 July 2012.

[Minister's second reading speech made in—
House of Representatives on 7 July 2011
Senate on 27 February 2012]
(108/11)