Document ID: chunk:federal_register_of_legislation:C2004A00749:clause:3_10:p2
Version: federal_register_of_legislation:C2004A00749
Segment Type: clause
Provision Reference: sch 3 cl 10 (pt 2/2)
Character Range: 27148–28184

because of that paragraph if:
 (a) an election were in force under section 152B of the Fringe Benefits Tax Assessment Act 1986; and
 (b) section 51AEC of the *ITAA 1936 were to apply, because of that election, to expenses relating to the acquisitions or importations.

69‑40  When elections take effect

 (1) An election under this Subdivision is taken to have effect, or to have had effect, from the start of the tax period specified in the election.

 (2) The tax period may be a future tax period or the current tax period. It cannot be a tax period that has already come to an end.

69‑45  When elections cease to have effect

  If a circumstance specified in the second column of the following table occurs, the election ceases to have effect from the start of the tax period specified in the third column:

When elections cease to have effect
Item                                 Kind of election                          Circumstance                                                                                    Tax period